Khayal A. is a 29-year-old man who owns his own hardware store. He started his business in 2000 and since that time it is the only financial source for his family. With a loan, he would like to increase his inventory of items and make repairs in his shop to attract more clients.
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.