Agabala is a 53-year-old man, married with three children. He is a market vendor and sells spare parts and different motor oils in his shop. He has 10 years of experience in this field and his monthly income is 200 AZN. He started his business because he lost his job and he was far from being able to get a pension. The merchandise he sells is in high demand because he sells only high quality spare parts and motor oils, which is not usual for rural places.
Agabala applied for a loan of 2,000 AZN to purchase more spare parts in case to respond to customers' demand. This will be his second loan and he has a good client 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.