Arzu is a 37-year-old woman. She is divorced and raises two sons alone. She is a market vendor and sells different kinds of products such as shampoo, soap, and detergents. She has four years of experience and has deep knowledge of market and demand of clients.
The food products she sells are very popular among people and in high demand. Her monthly profit from selling foods is 150 AZN. Her son helps to purchase the products and bring them to the shop. This is the sole financial income in her family. She is a very successful entrepreneur because of a good location in the central bazaar of her home city. However, it is hard to cover the needs of two children, and Arzu would like to expand her business.
She applied for a 1,000 AZN loan to purchase more products and diversify her range of goods to cover her customers` demands. This will be her second loan and she has a good client 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.