Mahbuba is a widow with 2 daughters. She lives and runs her business in Agsu region. Mahbuba rents a facility that serves as a grocery store. She sells food items, as well as household chemicals and other small items. Mahbuba decided to try her luck as a private entrepreneur eight years ago when her husband died. Currently, her net monthly profit is 350 AZN.
Mahbuba requested a loan of 2000 AZN to purchase a batch of goods wholesale, i.e. tea, coffee, sugar, etc. This is her third loan from AqroInvest. One of her long-term plans is to purchase the facility she is renting at the moment and own it.
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.