Faila is a 47-year-old married woman who owns a small farm. She is a hard-working woman who has fought to provide her family of three children with better living conditions. Today, one of her children is a working adult thanks to her example.
Faila has been running a business raising and selling cattle. She has six years of experience in this field. Since cattle raising and selling is a profitable business, Faila has become a very successful businesswoman in a very short period. She works very hard and spends all her time with her animals, cleaning them, feeding and pasturing them. Her husband and 15-year-old daughter help her to look after the animals.
Now Faila wants to expand her business and buy more cattle. So she applied for a loan of 1000 AZN. Faila promises to repay on time.
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.