Kamila is 47 years old and a widow. She raises her one daughter alone. She sells seasonal fruits such as pears, oranges, apples, pomegranates and bananas. With the help of AqroInvest CU Kamila was able to start her own business. She has 10 years of experience and the reason to start her business was no options to find a permanent job.
Fruits are very popular among Azerbaijan people and in high demand during year. People like to eat it fresh and this is one of the main desserts for guests. She sells crops from her house and people always pass by and buy some fresh fruits. Her monthly income from this business is 250 AZN. Kamila's daughter helps her to sell fruits.
Kamila wants to expand her business. The amount of products she sells is not enough to cover high demand. She would like to purchase more fruits and vegetables and increase her turnover as well as to improve life of her family. For this purpose she applied for 1000 AZN loan. This will be her second loan and Kamila has 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.