Vafa is a 37-year-old woman, married with one adorable daughter. She is a market vendor and sells cosmetics and deodorants, perfume, soap, shampoo and souvenirs. She has four years of experience in this field, which qualifies her as a knowledgeable and skilled person.
The products she sells are very popular among women. Vafa is always friendly and polite with her customers which make her business successful. Her monthly profit is 230 Azerbaijani manats (AZN). As this business is their only financial source, Vafa's husband helps her with the business.
Vafa would like to expand her business and purchase more merchandise to diversify the range of products she sells. For this purpose, she applied for a 1000 AZN loan. She promises to pay back on time.
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.