Faiza is a 57-year-old woman and is married with five children.
She is a market vendor and sells different kinds of goods in her shop. She has eight years of experience and considers herself to be a knowledgeable and skilled person. She sells detergents, as well as hair color and some cosmetic products.
The products she sells are very popular in Azerbaijan and go quickly from shelves. Faiza's business brings her a 230 AZN profit. It is hard to keep satisfied customers with this income, because Faiza needs to make some savings and can’t put all the income back into the business again. This is her family's only source of income.
Faiza needs to expand her business and for this purpose she applied for a 1800 AZN loan. She will use the loan to purchase more merchandise for her shop. This will be her third 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.