Khasanaga H. is a 59-year-old trader who has had a food store since 1983. He is married and has four children. He lives with his family in the southern village of Saatli region. He is an engineer, but in the region where he lives, it is impossible to find a job related to his profession, so Khasanaga`s main source of income is his food store. He would like to improve the conditions of the store, and for this purpose, he has applied for a 1200 USD 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.