Shafiqa S. is a 60 year-old-woman who lives with her husband and three sons in Sabirabad. Shafiqa started to grow and sell vegetables and fruits in 2003. Her son helps her in this business and this is the main source of income for her family. After successfully repaying the previous loan Shafiqa took out new loan of 1000 AZN. to expand her business. Shafiqa plans to expand her business in the future, and grow enough vegetables and fruits to sell in the winter.
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.