Elshad is 32 years old and single. He lives with his family and helps them because his parents are very old. Since they are retired, Elshad's parents are highly dependent on his income.
In 2010, he started to grow fruits and vegetables in his own yard. Sometimes his father also helps him in this business because it is the only income for his family.
Elshad grows fruits and sells them in the Sabirabad bazaar. His monthly income from this business is 300 AZN. In Azerbaijan fruits are in a very high demand and people like to eat fresh fruits a lot. Besides his fruit sales he also sells flowers.
Elshad is really optimistic about the future, regarding the expansion of his business, in order to raise the living conditions of his family. For this, he has applied for the loan of 1,500 AZN. Elshad has already taken a loan from Aqroinvest before. He is a good customer.
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.