Aflatun is 46 years old and has three daughters. His wife stays at home, so he is the only one making an income. Aflatun sells food products in the market. He started his business 15 years ago. His monthly profit is 220 AZN. He would like to earn more profits from his business.
He runs a small store selling grocery items to the people in his town. His customers are mostly his neighbors, who are drawn by the affordable prices he offers.
Now he needs 1800 AZN loan to buy shampoo, soap, powder, butter, tea, rice, and flour, etc. Aflatun wants to use the money from his new business to help his family and raise his children. In the future, he wants to have a big shop to sell food and detergent products. This will be more profitable for his business.
He hopes to enjoy a better quality of life. This is his second loan and he has a very positive loan history.
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.