Shaiq R. is 18-years old. He sells pastries, cookies, candies, condensed milk, tea, eggs, washing powder, mayonnaise, and other materials in his store. He is not married but works hard to ensure a good future for his very old parents, who are on pension right now. He has been in the business for two years and has many loyal customers. He is the main provider for his family. He is requesting a loan of 1200 USD. He will use the loan to upgrade and enlarge his stock, which will enable him to increase his income. Sahiq thanks everyone for support and promises to pay the loan in time.
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.