Aqshin is 25 years old. He is married and has one son. He sells seasonal fruits such as pears, oranges, apples, pomegranates, and bananas. With the help of AqroInvest CU, Aqshin was able to start his own business. He has 3 years of experience and the reason to start his business was poverty and failure to find a permanent job.
Fruits are very popular among Azerbaijan people and in high demand during the year. People like to eat it fresh and this is one of the main desserts for guests. He sells crops from his house and people passing by always buy fresh fruit. His monthly income from this business is 120 AZN.
Aqshin wants to expand his business. The amount of products he sells is not enough to cover the high demand. He would like to purchase more fruits and vegetables and increase his turnover as well as to improve life for his family. For this purpose he applied for 1500 AZN loan. This will be his second loan and Aqshin has a 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.