Nayil M. is 22 years old. He sells confections such as candies, cookies, pastries, and fruit jelly, as well as products such as soap, hair color, deodorant, underwear, and clothes. He has been in this business for 3 years. He lives with his aging parents who are on pensions now and responsible for his older brothers and sisters.
Nayil requests a loan of US$1200 for the term of 15 months. He is going to use the loan to purchase more items to expand his range of goods. He plans to use his income to purchase a private store, as well as to educate his children. Nayil thanks you for all of your support and promises to repay the loan on 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.