Mirsadiq is a 27 year-old-man who is single and lives with his parents. He sells food products, such as macaroni, rice, candies, cookies, sugar and beverages in his shop. Mirsadiq has four years of experience in this field, which considers him as a knowledgeable and skilled person. His father taught him the best because he was also an entrepreneur for many years.
The food products that he sells are very popular among people and are in high demand. His monthly profit from selling food is 130 AZN. He is a very successful entrepreneur because of good location, in the central bazaar of his home city.
Mirsadiq would like to increase his sales and invest additional capital. For this purpose, he applied for a loan of 2,000 AZN. He will purchase and diversify additional food items. This will be his third 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.