Latifa is 59 years old and married with three children. She sells furniture in the central market and has more than 20 years of experience in this field. Latifa sells home furniture. This is very popular for dowry products among brides and newly married families.
Latifa tries to keep up with demand and always purchases different styles of furniture. Her monthly profit is 50 AZN. Her husband helps her to sell furniture.
Latifa needs to invest more capital in her business to purchase more furniture and diversify her products. For this purpose, she applied for a loan of 1,800 AZN. This will be her third loan and she has a good 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.