Murad is a 21-year-old, single man. He sells detergents and cosmetic products, such as shampoo, hair balsam, toothpaste, washing powder, and so on. Murad has four years of experience in this field and, during these years, his father helped him to run the business. Now, he is a knowledgeable and skilled person.
The food products he sells are very popular among people and are in high demand. His monthly profit from selling goods is AZN 300. He is a very successful entrepreneur because of good location, in the central bazaar of his home city.
The profit he gains is not enough to reinvest in the business and meeting customers' demands is suffering for this reason. Being the main source of income, his profit is used for family needs.
Murad would like to increase his sales and invest additional capital. For this purpose, he applied for a loan of AZN 2,000. He will purchase and diversify additional merchandise.
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.