Zamina is a 54-year-old woman, married with three daughters. She is an honest and hard-working woman. She is a widow and is raising her children alone.
Zamina has been reselling jewelry for the last seven years. She started her business with a tiny amount of money and with several loans from AqroInvest CU, expanding slowly. As she is raising her children on her own, it is hard for her to provide for them and she always needs support. Every morning Zamina leaves home and comes back late at night. The money which she makes is only enough for day-to-day spending and it's hard for her to save for the future.
For this reason Zamina would like to take out a loan of 1800 AZN to purchase more jewelry in bulk and expand her business, increasing her profits and improve living conditions for her family. This will be her fourth loan and she has a positive loan 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.