Rafiqa is a 52-year-old woman. She is a market vendor and sells different kinds of products, such as office supplies, some candies, toys, and candles. She has eight years of experience and has deep knowledge of the market and the demand of clients.
The products she sells are very popular among people and in high demand. Her monthly profit from selling foods is AZN 150.
Her husband is sick and can need care, that’s why her brother helps to purchase products and bring them to the shop. This is the sole income in her family. She is a very successful entrepreneur because of a good location, in the central bazaar of her home city.
Rafiqa applied for an AZN 2,000 loan to purchase more merchandise and to diversify the range of goods to cover her customers' demands. She has a long loan history with Aqroinvest Credit Union and has proven herself to be a trusted and good client.
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.