Khatira S., the 55-year-old mother of seven children, rents a store where she sells cosmetics, women’s crèmes and underwear. This business, which she has operated for the past two years, earns permanent income and allows her family to live in normal conditions. As this is the family’s only source of income, Khatira does her best to make her business successful, always carrying a wide range of products and maintaining very friendly relationships with her customers. Kahtira is hoping to expand her business with a loan of $1500 to purchase more items for the store.
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.