Agash A. is 51 years old, married, and has four sons. His wife is a housekeeper, while Agash earns income as a market vendor. For the past 15 years, he has been selling men's shoes in the local market. By now, Agash has gained a lot of experience, and his business has been doing well. He has many loyal customers, since Agash makes an effort to satisfy the needs of people with different tastes and income levels. Agash works very hard to be able to give his children a good education. Currently, he would like to increase his working capital in order to purchase new winter shoes for sale. Therefore, Agash is requesting a loan of US$1,200 for a term of 15 months. He promises to repay the loan promptly and thanks everyone for supporting him.
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.