Elvin is 23 years old, single, and lives with his parents. He sells food such as macaroni, butter, cookies, sugar, tea, candies and beverages in his shop. Elvin has four years of experience in this field, which makes him a knowledgeable and skilled person.
The food products he sells are very popular and are in high demand. His monthly profit is 130 AZN. He sells products from his shop, which is in the back yard of the house he lives in. His father helps him to run the business and always gives meaningful advice.
The profit he gains is not enough to reinvest in the business, and meeting customers' demand is difficult for this reason. Elvin would like to increase his sales and invest additional capital. He has applied for a loan of 1000 AZN so he can buy more food to diversify what he sells.
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.