Ayida is a 56 year-old trader who has sold homemade jams and pickles in her shop for the last five years. She is married and has three children. She is an IDP (internally displaced person).
Ayida’s business brings a stable income of 120 AZN. Her husband is a pensioner, however his pension is too low to cover family needs and Ayida’s business is still the main financial source in her family. She applied for a 1,500 AZN loan in order to purchase more fruits and vegetables to make more jams and pickles.
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.