Nazkhanim Mammadov is 55-year-old trader who owns her store where she sells toiletry and makeup products. Nazkhanim is married and has three children. She lives in Imishli region which is situated in the southern part of Azerbaijan. She opened her store in 1996 when she borrowed $800 USD from Aqroinvest CU. She started to sell different sorts of shampoos and soaps. This brought her good income and she returned the money during her paying back period. Nazkhanim retired and her pension is approximately $27-30 USD. Her store is the first income in her family and she is working very hard. She expanded the products in her store and now she is going to open a food section; for the first time she is going to sell beverages and preserved food. She 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.