Kamran is a 31-year-old man who runs a private business as a market vendor. His primary activity is selling food products. Kamran sells different kind of goods such as yogurt, sausages, candies, cookies and macaroni, and has been doing so for the last 8 years. He is responsible for his wife and three children.
His business brings a stable income of 180 AZN and his spouse helps to sell products from the shop. He would like to increase his income. For this purpose he applied for a loan of 1500 AZN which he will use to diversify and purchase more products for his shop. This will be his second loan and he has good loan 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.