Shirinbayim is a 55-year-old woman on a pension. She is married and has three adult sons. She started her business 16 years ago, because of her small pension. Her monthly income is 120 AZN. Her husband helps her to purchase and bring the stock to the shop. Now she sells women's clothes in the bazaar, and she wants to renew her stock by purchasing clothes for Spring season. With the national spring holidays, Novruz, approaching, she needs to invest in a new collection of women's clothes.
She applied for 2,000 AZN, which she will use to purchase new clothes and an updated spring collection. This will be her fourth 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.