Parvana is a 22-year-old single woman. She is a market vendor and sells different kinds of goods, such as flour, beverages, macaroni, butter and candies. She has three years of experience and has deep knowledge of the market and demand of clients. Her father helped her to start up the business and is always ready to give her advice because he is also a very experienced vendor.
The food products she sells are very popular among people and in high demand. Her monthly profit from selling food is 170 AZN. Her husband helps to purchase products and brings them to the shop. This is solely the financial income in her family. She is a very successful entrepreneur because of good location, in the central bazaar of her home city.
Parvana applied for a 1,000 AZN loan in order to purchase more food products and to diversify the range of goods to cover customers' demand.
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.