Khaqani is a 29-year-old businessman. He is married with two daughters. He has his own café, where he provides lunches and dinners containing the national food. He is responsible for purchasing goods for his café and serving clients. His café has a very good location in the bazaar, where a lot of people who work in the bazaar come to have a quick lunch. His monthly income is 80 AZN (Azerbaijani New Manat).
He has big plans of expanding his business in the future and opening another café in the center of the town; however, now he just needs to improve the conditions of his café and make renovations. For this purpose, he applied for a 1,000 AZN loan. He already repaid one loan and proved himself a trusted 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.