Gulnara is 36 years old. She lives in an IDP (Internally Displaced Persons) settlement in Bilasuvar with her husband, his school-aged sons and daughter. Gulnara takes care of a milk cow, owned by the family. She makes cheese and sells it in the village and in the local bazaar. Currently the total average monthly income of the family is 260 AZN.
Gulnara requested a loan in the amount of 1000 AZN for purchasing three calves. She will raise them for 5-6 months and sell the grown calves in the summer for a higher price. This will give additional income to the family, which Gulnara plans to use for purchasing needed household goods, which will improve their living conditions.
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.