Mahmud is 46 years old. He has 3 children. Mahmud grows fruits and vegetables. He plants tomatoes, potatoes, eggplant and other vegetables and fruits. He says that even though this business is very hard, together with his wife he has been handling the business for 16 years without any difficulty.
Mahmud sells his vegetables and fruits in the bazaar. His income from sales is about 200 AZN a month. He has more plans for the future, such as to get more land for cultivation. He is looking forward to the increased sales in the coming summer, because people purchase fruit a lot.
He has applied for a loan of 1,900 AZN at Aqroinvest. This loan will help him to grow more vegetables and fruits in order to get more revenue in the coming summer, which will help him to support his family’s needs.
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.