Zulfugar M. is 34 years old. He is married and has a two daughters. Zulfugar runs his own store selling soft drinks along with personal use items like perfumes, toothbrushes, razors, and other items. His wife helps him by working as a sales person in the store.
He purchases the goods to sell in his store in the neighboring city. Currently, he's planning to purchase additional inventory in order to increase the range of goods in his store. For this purpose he has applied for a loan of 1000 USD.
This is the first loan for Zulfugar; he thanks all who trust and support him, and promises to repay the loan in a timely manner.
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.