Sevil is 56 years old and single. She is a market vendor and sells different kind of goods such as flour, beverages, macaroni, butter, and candies. She has five years of experience and a deep knowledge of the market and the demands of her clients. Her monthly profit from selling food is 250 AZN.
Sevil's father helps her in the shop. She is a very successful entrepreneur because of the good location of her shop in the central bazaar of Agsu.
Sevil is requesting a loan for 1,200 AZN, which she will use to purchase more food products and diversify the range of goods to cover her customers' demands. Sevil is the sole income provider for her family.
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.