Mahir Z. is 37 years old. He and his wife raise two children who are studying in school. For the last eight years Mahir has been selling jewelry. Mahir sells oriental style jewelry items. The earrings are very beautiful and people trust Mahir as he is very honest when assessing prices and quality. Mahir`s dream is to build his own shop because rent price is very high.
Mahir wishes to expand his business by increasing his supplies of newer, more modern jewelry items. For this purpose he has applied for a loan of 1200 USD.
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.