Vadar is a 43-year old man, married, and has two sons. He is market vendor and sells seasonal fruits and vegetables in his place in central bazaar and from his home. Vadar has 10 years of experience in this field. He knows customers needs and he has reliable providers.
Vadar chose this business because it is profitable and brings stable income. People use fresh vegetables everyday and consider them healthy, and many national dishes are made of vegetables, like pilau and dolma. Fresh fruits are served on every table of Azerbaijan's families and also make fresh punch. His monthly income is 120 AZN.
He applied for 2000 AZN loan to purchase more fruits and vegetables and increase his monthly turnover. This will be his third loan and he has good client 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.