Ipaknaz is a 55-year-old married woman with three children. She is a market vendor and sells different kinds of goods such as flour, beverages, macaronis, butter and candies. She has ten years of experience and has deep knowledge of the market and demand of clients.
The food products she sells are very popular among the people and are in high demand. Her monthly profit from selling food is 230 AZN. Her husband helps to purchase the products and bring them to the shop. This business is the sole financial income for the family. She is a very successful entrepreneur because of the good location of her shop, in the central bazaar of her home city.
Ipaknaz applied for 1000 AZN to purchase more food and diversify her range of goods to cover customers' demand.
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.