Anar is a 25-year-old client with 2 children. His business is a small grocery store.
He requires the loan to purchase butter, rice, beans, sugar, water, milk, eggs, coffee, bread, biscuits, soft drinks, etc. With the loan and the increased inventory available in his store, he hopes to increase sales and to be able to take better care of his customers.
He hopes to meet his basic needs and to improve his family's quality of life. He hopes his business continues to grow and that, in a few years, it becomes one of the largest and most well-known grocery stores in the district. He also wants to continue supporting his children so that they grow up to be good people with better opportunities in life.
He has already taken 3 loans from Aqroinvest in the past. With a good loan history, he has applied for a 4th loan of 1500 AZN. With this money, he wants to invest in the business and buy more products in order to generate more revenue.
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.