Sevda is a 45-year-old divorced woman raising one son alone. She is a market vendor and sells different kinds of goods, such as flour, beverages, macaroni, butter, and candies. She has 27 years of experience and has deep knowledge of the market and the demands of her clients.
The food products she sells are very popular among people and are in high demand. Her monthly profit from selling food is 200 AZN. Her son helps to purchase products and brings them to the shop. This is the sole financial income for her family. She is a very successful entrepreneur because of the good location of her market, which is in the central bazaar of her city.
Sevda applied for a loan of 1,000 AZN to purchase more food products and diversify the range of goods offered to her customers.
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.