Gulshan A. is a farmer. She is 40 years old, married, and has two children. Gulshan puts a lot of enthusiasm into the development of her farming efforts and cattle breeding because she is aware that they can help her children.
She sells fattened cattle to the local butchers and fruits to the local bazaar traders. Her monthly income is about $250-$315 and it is not enough to cover basic family needs. The unconditional support that she receives from her children provides her with optimism, and despite the financial shortcomings at home she tries to alleviate those shortcomings efficiently.
Her wish to improve the living conditions of her family brings her to request a loan to increase the quality and quantity of her products. Gulshan asks for a loan of 600 AZN. She wants to purchase one milk cow and seeds.
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.