Zakir is a 24-year-old single man who lives with his father. He is a farmer who raises fruit trees in his private garden and sells fruit (apples, pears, peaches, cherries, etc.) at the local bazaar. He has worked in this field for four years and his monthly income is 150AZN.
People like eating fresh fruit every day. They buy fruit from Zakir because they know his produce is fresh and grown without pesticides. They know that fruit grown with pesticides is harmful to one's health.
Zakir needs to expand his small business because his income doesn't cover his family’s demands. He applied for a loan of 800AZN to buy fruit tree seeds. This is his second 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.