Hasrat is a 35-year-old trader, married with two children. He has been selling mobile phones and accessories for the last five years. His shop is located in a central bazaar. This business brings in a stable income of 120 AZN, however this is very low to cover family needs.
Hazrat applied for 1700 AZN to buy more mobile phones to cover the demand of current and potential customers. This will be his second loan and he 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.