Rahila is a 60-year-old woman who lives in the Sabirabad district of Azerbaijan. She is not married and lives with her brother's family.
Rahila is a very hardworking woman. She engages in beekeeping. This is her second loan from Aqroinvest CU in the amount of 1,500 AZN. Rahila will use it to buy more bees because she wants to expand the business. She knows that she can earn more money for her family by selling honey because honey has a good price at the market. Besides that she has a plot of land by her home where she grows vegetables. She has been in this business for 18 years.
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.