Elman is a 53-year-old married man from Imishli. He is living with his wife and two sons. He has owned a small grocery store for 15 years, selling cheese, juices, bread, daily use and dairy products. He has a deep understanding of local consumer needs. His store is situated in a crowded area so there are a good number of customers passing by.
Elman requested to borrow 1,000 AZN from Kiva's partner, AqroInvest CU, to increase his shop’s inventory. He is optimistic about his business development and hopes that the coming years will continue to bring him positive growth.
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.