Aqil is a 42-year-old, married man with two sons. His wife is a housekeeper. He earns money selling different kinds of daily products. His shop is in one of the rooms of his house, on the first floor. He made this condition himself, in order to earn money somehow and his monthly income is AZN 120.
Local people attend Aqil’s small market every day. They buy bread, water, sugar, salt, etc. They have high demand for daily products because they use them in their everyday life.
Unfortunately, the conditions of Aqil’s shop are very bad. There is dampness in the house and this makes for danger in his shop because he needs to keep products fresh and safe.
Aqil applied for a loan in the amount of AZN 1,500 in order to repair his shop and renew his assortment of items to sell.
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.