Shafaq H. is the mother of 3 children. Her salary as a schoolteacher wasn’t even enough to provide her children with basic needs. This fact motivated Shafaq to start her own business. And in 1996 she started selling office supplies from her home. A little while after, she decided to dedicate herself to expand her business and opened her own store near her house.
Due to the large demand for her typical office supplies, she wishes to increase number of items she sells. All this would allow her to generate a larger economic income for her family with the aim to elevate their quality of life and education. In order to carry this out, she is proposing to solicit a loan that will be invested in purchasing more supplies for her 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.