Sudavar is a 48-year-old woman who has been selling food products in her shop for the last five years. She is married and has three children. Sudavar is an IDP (internally displaced person). Selling food is the only financial income in her family and it brings stable income of 300 AZN. Sudavar would like to expand her business and is applying for a loan of 1,000 AZN. She will use the loan to purchase more food products.
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.