Mirshamil is a 52-year-old with two children. It is already 24 years that he has been growing fruits and vegetables and selling them. His wife stays at home, but is usually helping him. His business is profitable, but he needs money to make improvements.
Mirshamil has worked in agriculture since he was young, and it is his only source of income. He grows potatoes, tomatoes, and fruits and works whenever necessary. He wants to use the loan to add more stock of green vegetables, fruits, and cereals. He hopes to expand his business and give his children a quality education. His monthly profit from this business is 143 AZN. Mirshamil needs a AZN 2,000 loan to expand his business. It is his second credit. He hopes the loan will help him expand his business.
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.