Yashar is 36-years-old, married, and has two children. He runs a blacksmith shop where he makes wrought-iron gates, railings, and chairs. He has been in this business for the past 14 years and earns a monthly income of 200 AZN, which he uses to support his family members.
Yashar wants to expand his business in order to serve more customers. He wants to buy new machinery that would make him capable of diversifying his output; therefore, he is asking to borrow 1000 AZN. His hopes and dreams are to open a wholesale shop and live a stable life with his family.
Aqroinvest Credit Union was founded by a group of 32 Imishli farmers in 2001, and has grown to become one of the largest credit unions in Azerbaijan. It boasts a portfolio of nearly $5 million and is wholly owned by its more than 3,500 borrowers, as of December 2011.