Antiqa is a 58-year-old woman, married with four children. She sells food products such as macaroni, butter, cookies, sugar, tea, candies and beverages in her shop. Antiqa has about 10 years of experience in this field and she is considered as a knowledgeable and skilled person.
The food products she sells are very popular among people and in high demand. Her monthly profit from selling foods is 400 AZN and it increased after obtaining a loan from AqroInvest. She is a very successful entrepreneur because of a good location in the central bazaar of her home city.
The profit she gains is not enough to reinvest into the business and being able to cover customers' demand is suffering for this reason. Being the main source of income, her profit is used for family needs. Antiqa would like to increase her sales and invest additional capital. For this purpose, she applied for 1,600 AZN. She will purchase and diversify with additional foodstuffs. She is a very responsible person. AqroInvest has cooperated with Antiqa for the last two years and she has finished previous loans without any delays.
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.