Yusif is a 50-year-old man who runs a private business. He is on a pension but his primary activity is selling food products. He is a market vendor who sells different kinds of goods such as yogurt, sausages, candies, cookies and macaroni. He has been doing this for the last 18 years. He is responsible for his wife and three children.
Yusif's business provides a stable income of 100 AZN. His older son helps to sell products from the shop. Yusif would like to increase his income and for this purpose he has applied for a loan of 1,800 AZN. He will use this loan to diversify and purchase more products for his shop. This will be his third loan and he has a good loan history.
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.