Agamir is 36 years old, married and has one daughter. He is a market vendor and sells different kinds of food products in the central bazaar. Agamir has four years of experience in this field and is considered a knowledgeable and skilled person.
He usually sells rice, macaroni, yogurt, ketchup, sugar and other items. He sells products that are in very high demand and people use them in everyday life. These products are in very high demand among local people and his monthly profit is 120 AZN. His spouse helps him to update merchandise in his shop.
This business provides the only income for his family. Agamir would like to increase his sales as well as to cover market demand. For this purpose, he applied for a loan of 1500 AZN. He will use this loan to purchase more products. He has already demonstrated himself to be a good client with a positive credit 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.