Elnur is 33 years old. A young and very enthusiastic man, he is married with two children. He has six years of experience in selling spare car parts for Russian and foreign cars. With the help of the first loan from AqroInvest and the help of his father, he was able to start his business. Now, his father helps him and his monthly income is 400 AZN.
Elnur used to sell spare parts of Russian cars, which was very popular; however, currently the most popular model in the region in which he lives is Mercedes. Elnur applied for a loan of 1200 AZN to purchase spare parts in demand to cover the needs of his customers. This will be his second loan and he has good repayment 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.