Tahir, 59, is a farmer. He is married and the father of one son. He has been raising seasonal fruits and vegetables for the past thirteen years. He chose this business because it is profitable and because there is always high demand for fresh food. People use fresh vegetables every day and include them in many national dishes, such as pilau and dolma. Fresh fruits are served at every family table in Azerbaijan and are often made into fresh punch. Tahir sells his crops in the Sabirabad central bazaar. His monthly income is 400 AZN. His son actively helps him to raise his crops. Tahir also receives a pension. As his products are in high demand, Tahir wants to expand his business and produce more fruits and vegetables to meet market demand. For this purpose, he has applied for a loan in the amount of 1500 AZN. He will buy seeds and fertilizers with his loan funds. This will be his fifth loan, and he has a 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.