Zamin F. is a young, energetic man. At the early age of 17, he started his own business in order to support his parents. His business is selling food products such as eggs, soft drinks, and so on in the southern city of Azerbaijan. His store is located next to his house so he is always near his parents. This business allows him not only to support his family, but also to continue his University education. Zamin needs to increase the variety of goods he sells and is asking for a loan of US $1,200 with a term of 15 months. This loan will allow him to expand his business and earn more income. This loan will be important to the growth of Zamin’s business.
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.