Teymur is 40 years old and married. He has one daughter. His wife is a housekeeper. Teymur is a very popular merchant in his home city because he has been selling food products for 7 years. From this business his profit is approximately 300 AZN per month.
He usually sells different kinds of food products, such as a cookies, sweets, rice, sugar and other items. He sells products that are in very high demand among local people who use them in everyday life. His monthly profit is about 300 AZN.
Teymur wants 1,500 AZN as a loan. With this money he will expand his business. If he gets more profits, he plans to buy more products in the future.
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.