Mushfiq is 41 years old. He is married with two children. Mushfiq supports his family while his wife takes care of their children. Mushfiq sells fruits and vegetables. He has been in this business since 1993, and has gained good experience in this field. His profits from this business is 120 AZN. Mushfiq has one employee. He is well known in his area and has earned the respect of his neighborhood.
Mushfiq is requesting a loan of 2000 AZN in order to renovate his shop. In the future, Mushfiq hopes to grow his business by opening a second shop to increase his revenues. By increasing his profits, Mushfiq will easily be able to educate his children and provide for all of their needs.
He has good loan history and this is his sixth 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.