Svetlana M. is a 40 year old woman who sells milk in the Bilasuvar Internally Displaced Persons Settlement. She has more than 10 years of experience selling milk. Svetlana is married and has 3 children. Beside this business, she is also working in one of the local stores as a salesperson. However, her main source of income is selling milk and her salary as a salesperson is very meager, approximately 30 USD per month. Svetlana is requesting a 700 USD loan to purchase one milk cow. Expanding her business will help Svetlana to increase her income.
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.