Rovshan is a 42-year-old man. He is married and has two children. He sells seasonal fruit such as pears, oranges, apples, pomegranates and bananas. He has 15 years of experience and the reason to start his business was poor living conditions and a low pension.
Fruit is 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. His shop is located in a center bazaar and people always pass his shop and come to buy some fresh fruit. His monthly income from this business is 180 AZN. Rovshan's brother helps him to sell fruit.
Rovshan 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 fruit and vegetables and increase his turnover as well as improve the life of his family. For this purpose he applied for a 1000 AZN loan.
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.