Lala is a 48-year-old single mother. For 10 years Lala has been operating her store. She usually sells products daily. There are tea, sugar, rice, candy, sauces, beans and other food items in her store. Single-handedly she has been managing this store and believes it is fun to have good contacts with customers.
Lala’s store is in the central market of Agjabadi. There are daily customers who come to purchase the items they need. Her monthly income from the business is about 250 AZN. With the money she gets from store she takes care of her parents and also supports her relatives financially. She is a person who always works hard in order to achieve more.
Lala has taken a loan once before from Aqroinvest. She has applied for a second loan of 1,800 AZN. With this money she plans to purchase more products, because very soon there is a big spring holiday. Nowruz is coming and a lot of customers purchase goods.
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.