Vafa A. is 37 years old. She is widow and the mother of a son. Hard life conditions pushed Vafa to start her own business eight years ago.
Vafa breeds cattle. She buys the calves in the market at a low price, feeds them, and then resells them in the same market at a more profitable price. Vafa works hard to make the business successful and to generate a stable income for her family.
Vafa is requesting a loan of 1440 AZN to purchase three calves to raise and sell and fodder to feed them. Vafa would like to thank everyone for their support and promises to manage the loan without violations or delinquency.
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.