Adila is a 59 year old woman who is receiving a pension. She is married and has six adult children.
Her pension is not enough to cover her basic needs so she decided to start her own business. She is market vendor who sells different kind of goods such as flour, beverages, macaroni, butter, and candy. She has 27 years of experience and deep knowledge of her market and client's demands.
The food products that Adila sells are very popular and in high demand. She is a very successful entrepreneur because of the store's good location, as it is in the central bazaar of her home city. Her husband helps her purchase the products and bring them into the shop. The store provides the family's sole financial income. Her monthly profit from her business is 100 AZN.
She is applying for a 1500 AZN loan to purchase more food products and a diverse range of goods to cover customer demand. This will be her second loan. She has a good borrower 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.