Almaz A., 43 years old, makes honey and breeds bees. She has four years of experience in making honey and she also works in a honey-making factory. Almaz is married and has two sons. Her honey is very popular and in high demand among local people. Her monthly income is dependent on the season; in the summer, she earns about 300-400 AZN and in the winter her income is about 150-200 AZN. She applied for a 1,000 AZN loan to expand her business and earn as much as possible during the summer period. She would like to purchase new sorts of bees which make more quality honey.
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.