Babak is a 47 year old man, married with four children. He is a market vendor and who sells bed accessories like blankets, sets of bed sheets and pillowcases and so on. He has about 20 years of experience in the trade field. These kinds of products are very popular among young ladies, who comes to buy some products before weddings. His monthly income is 140 AZN.
He would like to diversify his products and add carpets and bed sets for children. For this purpose he applied for 2,000 AZN loan.
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.