Nazim is a 52-year-old man who is married and has two sons. He is a market vendor and sells different kind of food products in the central bazaar. Nazim has 9 years of experience in this field, and is considered as a knowledgeable and skilled person.
He usually sells rice, macaronis, yoghurt, ketchup, sugar and others. The products he sells are in very high demand and people use them in everyday life. Also these products are in very high demand among local people and his monthly profit is 100 AZN. His spouse helps him to update the merchandise in his shop.
Nazim also works as the head of the office, and this business is not the only financial income in his family. Nonetheless, Nazim would like to invest more and develop his business. For this purpose he applied for a loan of 1,000 AZN. He will use this loan to purchase more products. He has already demonstrated himself as a good client with a positive credit 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.