Fatma is a 58 year old woman who trades and sells home products from her house.
She is married and has two children.
This is a very profitable business and Fatma is very polite and friendly towards her customers. Her permanent customers are women who live in her neighborhood.
She sells dowry products and has been in business for the last 10 years. Her profit is 300 AZN. Her son helps her run the business.
Fatma applied for a 1000 AZN loan to purchase more merchandise in hopes it will increase her sales.
Aqroinvest Credit Union was founded in 2001 by a group of 32 farmers from Imishli. It has since grown to become the largest credit union in Azerbaijan, owned by its more than 5,400 borrowers and boasting a portfolio of nearly US$12 million.
AqroInvest is focused on providing loans to the following groups of people: rural farmers, people living in distant southern villages with little or no access to finance and internally displaced people and refugees, many of whom lost their homes and livelihoods during the violent conflicts in the 1990s.
In May 2011, Aqroinvest started a new project with Kiva proving higher education loans to students. The project gives students the support and financing they need to continue their education and helps pay for tuition fees at various universities in Azerbaijan. Aqroinvest is the first credit union in the country to offer students loans.