Elnur is a 41-year-old man, married with two children. He sells seasonal fruits and vegetables such as pears, oranges, apples, pomegranates, bananas, onions, potatoes and cabbage. Elnur has ten years of experience in this field and gained necessary skills and knowledge required for his business.
Fruits are very popular among Azerbaijan people and in high demand during the year. People like to eat fresh fruit and this is one of the main desserts for guests. His shop located in the bazaar and people always pass his shop and come to buy some fresh fruits. His monthly income from this business is 300 AZN. Elnur's wife helps him to sell fruits.
Elnur wants to expand his business. He does not have enough products to cover the 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 has applied for a loan of 1000 AZN.
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.