Zivar M. started her own business eight years ago because her husband’s salary was not enough to cover their family expenses. She sells confectionery like candies, cookies and pastries in the local market. The income she generates allows Zivar to support her family.
Zivar dreams of enlarging her store and purchasing more merchandise to satisfy her customers' demand. Today she is requesting 1000 AZN. She is going to spend the loan on purchasing confectionery to enlarge the range of goods she sells. She is planning to spend the income for the well-being of her family.
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.