Gulshan is a 46-year-old widow with one adult daughter. She lives in the town of Agsu. To make a living, Gulshan raises crops. The main source of income for the business comes from planting and harvesting fruit for sale. Gulshan has been engaged in this business for more than eight years and earns approximately 250 AZN a month from these activities.
Gulshan joined AqroInvest to gain access to financial services to help improve her living situation and ability to engage in business activities. She has requested a loan of 1000 AZN, which will also be used to purchase fertilizer, such as manure. Gulshan plans to use the additional revenue generated from the business to improve and expand her business.
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.