Mikayil is 47 years old. He is married and he has one daughter. His wife stays at home and is not working, so he is the only one making an income. Mikayil`s shop is very popular in his city because it is already 11 years that he has been selling newspapers, magazines, and books. From this business, his monthly profit is 200 AZN. Mikayil sells his newspapers and books in the city market. In Azerbaijan, people are buying books, magazines and journals every day to have more information. Sometimes his wife also helps him to sell newspapers. To expand his business, Mikayil needs a AZN 2,000 loan. He has a good loan history- this is 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.