Nizami is 54 years old and a married man. He is a farmer and has raised seasonal fruits and vegetables for the last 5 years. He is very hard-working man and spends most of his time in the open air. His brother and wife help him. Nizami chose this business because it is profitable and fresh crops are in high demand. People use fresh vegetables and fruits every day and consider them healthy.
Nizami sells fruits and vegetables in the bazaar. His monthly income from this business is 400AZN. He wants to expand his business and produce more fruits and vegetables to cover market demand and to increase his monthly income. For this purpose he applied for 1500 AZN. He will buy new garden tools, seeds and fertilizers.
This will be his second loan and he has a good loan history. He is very optimistic about this loan as the previous one .
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.