Rovshan is 30 years old, married, and his wife is a housekeeper. He earns money selling fruit (apples, bananas, oranges, quince, persimmon, feyhoa, lemons, grapes, figs, etc.) and greens at a local bazaar. His monthly income is 300 AZN.
Azerbaijan people like fruit very much. Their demand for fruit is high because they know that fruit is useful for health. For example, if someone catches cold or cough he drinks hot milk with a dried fig to recover. Beside that, they prepare different kinds of fruit pies, juices, and cakes for daily dessert or holidays.
Rovshan applied for 1500 AZN loan to expand his small business. He wants to order vegetables from suppliers in addition to fruit and build his own little grocery in future.
This is his third loan and he has a positive client 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.