To earn a living, she is a market vendor and farmer. She sells different kinds of foods and drinks, including rice, macaroni, sugar, beverages, and seasonal fruits and vegetables. Difficult living conditions and a low pension pushed her to start her business many years ago. She explains that she has 12 years of experience in selling food and is a very experienced vendor. Products she sells are very popular, and her customers use these products in their daily lives. Valida's monthly income is approximately 320 AZN. Her husband helps her purchase new inventory.
She applied for a loan in the amount of 1,800 AZN to purchase more food products for her shop, which would allow her to increase her monthly turnover. She has loyal customers and already successfully repaid two prior loans.
About Aqroinvest:Aqroinvest Credit Union was founded in 2001 by a group of 32 farmers from Imishli. It has since grown to become the largest credit union in Azerbaijan, owned by its more than 5,400 borrowers and boasting a portfolio of nearly US$12 million.
AqroInvest is focused on providing loans to the following groups of people: rural farmers, people living in distant southern villages with little or no access to finance and internally displaced people and refugees, many of whom lost their homes and livelihoods during the violent conflicts in the 1990s.
In May 2011, Aqroinvest started a new project with Kiva proving higher education loans to students. The project gives students the support and financing they need to continue their education and helps pay for tuition fees at various universities in Azerbaijan. Aqroinvest is the first credit union in the country to offer students loans.
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