Almaz is 49 years old. She is a widow who raises her three children on her own. She is a vendor at the market and sells a variety of goods including flour, beverages, pasta, butter and candies. She has 15 years of experience and has deep knowledge of the market and client demand.
The food products Almaz sells are very popular and in high demand. Her monthly profit from selling food is 300 AZN. Her father helps by purchasing products and bringing them to her shop. This is the sole source of financial income for her family. She is a very successful entrepreneur due to her shop’s good location in the central bazaar of her home city.
Almaz has applied for a loan of 1,000 AZN loan in order to purchase more food products and diversify the range of goods she sells to meet customer demand. This will be her second loan and she has 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.