Gulbadam Q. is a 50-year-old woman who sells different clothes and home products in the bazaar of Agsu. She is married and has three children. Gulbadam started her business in 2008 and her income was about 50 Azerbaijani manats (AZN), but her professionalism and good taste brought her a lot of customers as well as good profit. Now her monthly turnover is 200 AZN and she wishes to increase it to 400 AZN. For this purpose, she applied for a loan of 1000 AZN to purchase more products to sell.
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.