Rashid is 50 years old and married with a daughter and a son. His wife is a housekeeper. He works in a local electronic shop and sells mobile telephones. He has worked in this field for 30 years and has a monthly income is 140AZN. People's demand for technologies such as mobile telephones is very high since they use it when they need to make a call or send messages, while teenagers use them to access the internet, listen to music or talk to their friends. Unfortunately, Rashid’s monthly income is not enough for him to cover his family’s needs, such as paying their utilities bills and for his son’s education. Therefore, he has applied for a 2,000AZN loan in order to sell other kinds of technologies and to vary his stock in order to increase his income. This is Rashid's third loan and he has a good 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.