Madina F. is 51 years old. She is married and has two children. She is a very active woman. Ten years ago, Madina started the business of poultry breeding. She raises the chickens and then sells them at the local market, usually to local restaurants. With the income she generates, she provides a better quality of life for her children.
Despite recent success, since her business is still quite small, it doesn't generate enough income for the whole family. Madina would like to request a loan to expand her business and increase her family income. She will use the profit generated from the business to repay the loan on time. She is asking for a loan of 600 AZN in order to buy more chickens to sell when they are fully grown.
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.