Shahla is a 48-year-old woman from Sabirabad. She is married and lives with her two sons. She asked Kiva partner Aqroinvest for a loan to buy new refrigerators and electrical heaters for resale. She is a teacher by profession, but after her husband's death seven years ago, she decided to open an appliance store to support her family's needs. This is not her first loan from Aqroinvest. Shahla is a very honest client and has a good client history. She hopes to further grow her store and to increase her income.
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.