Habil is a 40 year-old-man with 3 children. He is from Imishli. He grows fruits and sells them. Habil has been in this business for 10 years. As his pension is not enough to cover his family needs, he runs this business with support of his wife.
Habil grows fruits and sells them in the market for profit. His monthly income from this business is 300 AZN. Since he is retired, Habil’s family is highly dependent on this salary. In Azerbaijan fruits are in a very high demand and people like to eat fresh fruits a lot. Besides his fruit sales, he also sells flowers.
Habil is really optimistic about the future regarding the expansion of his business. He believes it will improve the living conditions of his family. To this end he has applied for a loan of 1600 AZN. Habil has already taken a loan from Aqroinvest before. He is considered a good customer.
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.