Khaladdin is 32 years old and married with one son. He sells a variety of products such as sugar, sweets, dish washing soap and shampoo in his shop. His wife is a housekeeper. He has 10 years of experience in this field. People in the town are his regular customers who purchase food products and other available items at the store. His monthly profit from selling products is about 500 AZN.
His brother helps him sell products in the shop. He is a very successful entrepreneur because of his good location in the bazaar of his home city. Khaladdin wants to expand his business because this business is the only financial income in his family. For this purpose he applied for 1,500 AZN. He will use this loan to purchase more products. He has a good client history and this will be his fourth loan.
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.