Antiqa is 57 years old, married, and has three sons. She is a market vendor and sells many different kinds of food like macaroni, cookies, candies, tinned food, tea, and beverages like juices, soda and fizzy drinks. She has six years of experience in this field. During this time, Antiqa has acquired the knowledge and skills required for the business.
Antiqa`s merchandise is very popular and brings her a stable income of 230 AZN per month. The products that she sells are very popular and in use in everyday life. For instance tea is the beverage people drink most of all with cookies or candies. The demand is high and Antiqa wants to cover this demand.
For this purpose she applied for a loan of 1,200 AZN to purchase and diversify her food and beverage items in her shop. She has already demonstrated herself as a good client with a positive credit history.
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.