Mirelem is 54-year-old married man with four children. He sells electrical goods in the center of his home town. He has 10 years of experience in this field, and people consider him to be an experienced and skilled person.
He started his business because he was not able to find a job to cover the needs of his family. The products he sells are very popular among local people, especially perfumes and children's clothes. His monthly income is 110 AZN. Mirelem is not alone in his business; his wife helps him to choose products for sale because she has good taste.
Mirelem knows what his customers need and which products are in demand, and he wishes to expand his business. For this purpose, he applied for a loan of 2000 AZN. He will use it to purchase more goods for his shop.
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.