Shafiga is s 46-year-old woman, married, and has 4 children. She is a market vendor and sells different kinds of goods such as cookies, macaroni, ketchup, tea, and candies. She has 15 years of experience in this field which makes her an experienced vendor. 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 120 AZN, which is not enough to cover the needs of her beloved children. Her husband is a builder and his salary is not permanent. To improve their financial situation Shalala decided to improve her business first. She applied for 2000 AZN loan to purchase a variety of food products. This will be her second loan and 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.