Firengiz is 55 years old and married with two daughters. She is a market vendor and has sold women's clothes and home products for the last 20 years. She started her business because her husband was unemployment for many years. Now she is a successful entrepreneur with a monthly income of 120 AZN. The products she sells are very popular and Firengiz has very good taste. Her husband helps her a lot to purchase and transport clothes from another city.
She would like to renew her stock and purchase a new collection of women's clothes for the spring season. For this purpose she applied for 1500 AZN. This will be her second loan and she has proved herself a trusted 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.