Islam is 49 years old and married with two children. His wife is a housekeeper. Islam has a door and window trading business in his city. He is very popular with his business because everybody knows him as a professional master. After making doors and windows, he sells them in the bazaar. His profit from this business is 120 AZN a month. He has 14 years of experience in this business. There are many wooden houses in his town.
Besides this, people need wood to make houses warm. He also sells wood for this purpose. So, there is a big demand for his products. He has not enough funds for materials. Because of this, he needs a 2,000-AZN loan. He has a good loan history and 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.