Boyukxan is a 50-year-old married man with three children. He is a farmer who has raised seasonal fruits and vegetables for the last 19 years. During these years, Boyukxan gained enough skills and experience to run his business. He chose this crop business because it is profitable and fresh fruits and vegetables are in high demand.
People use fresh vegetables everyday and consider them healthy, and many national dishes are made of vegetable, like pilau and dolma. Fresh fruits grace every table in Azerbaijan, and people also use them to make fresh punch. He usually sells his crop in the central bazaar. His monthly income is 150 AZN.
As these products are in high demand, Boyukxan wants to expand his business and produce more fruits and vegetables to cover market demand. For this purpose, he applied for a loan of 2000 AZN. With this money, he will buy new garden tools, seeds and fertilizer.
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.