Sakit is 32-years-old, married with two children. He sells food products such as macaronis, rice, candies, cookies, sugar and beverages in his shop. Sakit has 6 years of experience in this field and he is considered to be a knowledgeable and skilled person.
The food products he sells are very popular among people and are in high demand. His monthly profit from selling foods is 125 AZN. His wife helps him to sell products in shop. He is a very successful entrepreneur because of his good location in the central bazaar of his home city.
Sakit would like to increase his sales and invest additional capital. For this purpose he applied for a loan of 1000 AZN. He will purchase and diversify additional food products. This will be his 2nd loan and he has a positive credit 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.