Nargiz is 52 years old, divorced, and has two daughters. She is a market vendor and sells different kinds of goods such as flour, beverages, macaronis, butter, and candies. She has eight years of experience and deep knowledge of the market and demand from clients.
The food products she sells are very popular and in high demand. Her monthly profit from selling foods is 100 AZN. Her daughter helps to purchase products and bring them to the shop. This is the only source of income for her family. She is a very successful entrepreneur because of her good location, in the central bazaar of her home city.
She applied for a 1,500 AZN loan to purchase more food products and to add new and varied goods to her inventory in order to meet her customers' demand. This will be her second loan and she 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.