Taleh is a 27-year-old man, married with two children. He sells fruits such as pears, oranges, apples, pomegranates and bananas. Taleh has six years of experience in this field and has gained the necessary skills and knowledge required for his business.
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 the center bazaar and people always pass his shop and come to buy fresh fruit. His monthly income from this business is 130 AZN. Taleh`s wife helps him to sell fruit.
Taleh wants to expand his business. The amount of produce he sells is not enough to cover high demand. He would like to purchase more fruits and vegetables and increase his turnover as well as improve the life of his family. For this purpose he applied for a 1500 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.