Elman is 38 years old and married. He is a farmer who has been raising seasonal fruits and vegetables for the last six years. During these years, Elman has gained the necessary skills and experience to run the business. He chose these crops because they are profitable, and fresh fruits and vegetables are in high demand. People use fresh vegetables every day and consider them healthy. Many national dishes made of vegetables, such as pilau and dolma. Fresh fruits are served on the table of every Azerbaijan family, and they are also used to make fresh punch. He usually sells his crop in the central bazaar. His monthly income is 120 AZN. As these products are in high demand, Elman wants to expand his business and produce more fruits and vegetables to meet the demand. For this purpose, he has applied for a loan of 1,000 AZN. He will buy new garden tools, seeds and fertilizers. This will be his second loan, and Elman has a good history as a client.
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.