Faris, age 45, sells fruit and vegetables at the bazaar. He has 20 years of experience and his monthly income is 110 AZN per month. He and his wife have a son and a daughter, and the son sometimes assists Faris in his business. Faris's wife is a homemaker.
Fresh fruits and vegetables are popular among Azeri people, who use them as ingredients in such dishes as jam, cakes, and pies. Fruits are also used to make fresh juices and stewed fruit dishes. Vegetables are used in a variety of soups, salads, and traditional dishes such as roasted eggplant.
This is Faris’s first loan from AqroInvest Credit Union. He has requested a 1000 AZN loan in order to expand his small business, since his current monthly income is not enough to cover his family's daily needs.
Faris's goal is to offer his children a quality education and to provide them a bright future.
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.