Mobil is from Agjabadi, Azerbaijan. He is 40 years old, married, and has one school-aged son. To make a living, Mobil owns and operates a business buying and selling fruits. He has been engaged in this business for over 12 years and earns approximately 300 per month from it. Mobil requested a new loan of 1000 AZN which will be used to purchase additional inventory & working capital. This loan will be the 1st loan taken out by Mobil from AqroInvest and Kiva. He plans to use the additional revenue generated from the business to improve/expand his business.
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.