Habil is 39 years old and married with two sons. His wife is a housekeeper. He earns money by selling daily products (tea, sweets, sugar, water, lemonade, juice, salt, flour, etc.) in a small shop. He has been in this business for 19 years and has a monthly income of 300AZN. The food he sells is in high demand because people use the items every day for breakfast, lunch and dinner, as well as for preparing food for guests (delicious dishes and desserts). Unfortunately, Habil’s monthly income is not enough to cover his family’s needs and to bring up his sons. He is planning to order more products for his small market to increase income. Therefore, Habil applied for a 1000AZN loan in order to expand his business. He hopes that he will be able to provide his sons with a good education.
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.