Rana is 26 years old. Together with her husband, she has raised three children. Rana is an experienced bread baker. She has been doing this business for more than five years. She bakes the traditional bread at home. Having many customers, Rana is selling the majority of her products just from her home. Her monthly profit from selling bread is about $200.
Now, Rana is requesting a loan of 1,500 Azerbaijani New Manats (AZN). She is good client of AqroInvest, and once before, she had a loan from Kiva through AqroInvest. She is planning to purchase flour, which is the basic requirement of her business, at a wholesale price. AqroInvest CU has been a fundamental part of Rana´s business, having provided loans that have been used to improve her business.
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.