Ilkin is 32 years old, married and has two children. He is a market vendor and sells different kinds of food products in the central bazaar. Ilkin has six years of experience in this field, which makes him a knowledgeable and skilled person.
He usually sells rice, macaroni, yogurt, ketchup, sugar and other items. Products he sells are in very high demand and people use them in everyday life. Also these products are in very high demand among local people and his monthly profit is 180 AZN. His spouse helps him to update merchandise in his shop.
This business is only one financial income in his family and Ilkin would like to increase his sales as well as cover market demand. For this purpose, he applied for 2,000 AZN. He will use this loan to purchase more products.
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.