Hafiza is a 53-year-old married woman with six children. She is a market vendor and sells different kinds of goods in her shop. She has six years of experience. She is knowledgeable and skilled in her business. She sells foodstuff like candies, cookies, butter, macaroni as well as hair color and some cosmetics.
The products she sells is very popular in Azerbaijan and move quickly from shelves. Hafiza's business brings her 350 AZN in profit. It is hard to keep her customers satisfied with this income, because Hafiza needs to make some savings and can’t put all the income into the business again. This is the only financial source for her family.
Hafiza needs to expand her business and for this purpose she has applied for 1500 AZN in loan. She will use the loan to purchase more merchandise for her shop. This will be her 2rd loan from AqroInvest CU and she has a good client 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.