Sevda is a 57-year-old woman, married with three children. She is a market vendor and sells different kind of goods such as flour, beverages, macaronis, butter and candies. She has eight years of experience and has a deep knowledge of the market and demand of clients.
The food products she sells are very popular among people and are in high demand. Her monthly profit from selling food is 100 AZN. Her husband helps to purchase the products and bring them to the shop. This is the only income in her family. She is a very successful entrepreneur because of her good location, in the central bazaar of her home city.
Sevda applied for a 2,000 AZN loan to purchase more food products and diversify her range of goods so as to cover customers' demand. This will be her third loan and she has a 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.