Khatira is a 51-year-old woman, married with three children. She is a professional baker who bakes bread and local pita with meat and greens. She has four years of experience and she does her work perfectly. She uses only organic products and bakes bread in a special oven that is fueled with natural wood. That’s why her bread is in high demand, and the scent of it carries far beyond her home when she bakes.
The bakery is located inside the yard of her house, so she is able to work from home. Her son helps her to fire the furnace and prepare the dough. These are hard processes that require a lot of strength. This is only one financial income in Khatira's family, because she is on a pension that is too low.
She has applied for a loan of 1500 AZN to purchase more products for her oven and for the dough. This will be her third 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.