Xayala is a 29-year-old woman who is married with two children. She is a very kind and responsible woman. She raises fruits and vegetables in her garden and has been doing so for the last 3 years. She is a very experienced farmer and has deep knowledge of the land and how to operate it. A poor financial situation and unemployment have pushed her to start her business.
Xayala usually raises seasonal fruits and vegetables and sells them for a profitable price in the central bazaar. Fresh fruits and vegetables are very popular and are in high demand because people prefer to eat them every day and consider them very healthy. Also, one of the favorite national dishes is dolma, which is made of fresh eggplants, peppers, and tomatoes. Fresh juices are most likely made from fresh fruits. Xayala's monthly income from this business is 250 AZN. This is the only source of income for her family.
Now Xayala would like to invest more capital into her business and purchase seeds and fertilizers. For this purpose, she has applied for a loan of 1000 AZN. This is the only source of income for her family and she hopes this loan will improve the lives of her family.
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.