Latifa S. is forty-eight years old and married with two children. Ever since she was married, she has worked at a business of buying and selling sheep. In order to increase her profits, Latifa walks through farms and several settlements to buy sheep at the lowest price. She currently has eight sheep. Latifa wants to expand her business and, since her children are grown up, she thinks that with their help she will be able to look after more sheep. She is asking for a loan of $2000 to purchase twenty sheep. Latifa expresses her gratitude to everyone supporting her 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.