Hasan is 55 years old and married, with four children. He is a market vendor and sells different kind of food products, such as beverages, rice, butter and bread as well as detergents. He has 20 years of experience in this field. His son helps him to sell products.
Hasan is on pension, but his pension is too small. Hence, trading is his main source of financial income.
He applied for a loan of AZN 1,800 to increase the number of his products and increase his sales. This will be his fifth loan, and he has a good client 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.