Yegana is a 41-year-old woman who is married with five children. She is an internally displaced person (IDP) and lives with her family in an IDP settlement. She has her own small drug store where she has been selling medicine for the last seven years. She is an experienced and skilled person in this field. She is also a cleaner in the local school and her monthly salary is about 30 AZN.
Yegana usually sells the most necessary medicine in the central bazaar. Her monthly income is 340 AZN. She sells only certified drugs.
She needs additional capital to invest in her business. This will allow her to improve the quality of the products she sells and increase monthly turnover. For this purpose, she applied for a loan of 1,500 AZN. This will be her second loan.
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.