Naila is a 42-year-old woman. She is a widow and raises two children alone. After her husband’s death, she was left without any financial support because she always was a housewife. This brave and very hardworking woman found strength to continue her life and start her own business. She owned money from her friends and relatives and opened her market.
She is a market vendor now and has been selling different kinds of goods such as cookies, macaroni, ketchup, tea, and candies for the last ten years. Her shop is located in the central bazaar, which makes her business successful because a lot of people visit the bazaar during the day.
Her monthly income is 130 AZN, which is too little to cover the needs of her beloved children. To improve her financial situation, Naila decided to improve her business first. She applied for 1,500 AZN to purchase more food products and to diversify.
This will be her second loan. She has a good loan 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.