Vasif N. is 24 years old and earns income selling women's clothes in the center bazaar of Imishli region. He started his business in 2002 and, since then, has gained respect among local women because of his knowledge of the clients' needs, as well as the discounts that he often offers. Clothes in Vasif's store sell so quickly that sometimes he has to temporarily close it, because there is nothing left to sell. Vasif's income is just enough to cover his family's needs, but not enough to expand his business. Therefore, Vasif is asking for a loan of US$1,000 which he will use to purchase additional clothes.
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.