Dunyaxanim is 37 years old and married. She has one daughter who helps her sell products in her food market. Her husband is a worker.
Dunyaxanim sells different kinds of goods such as flour, beverages, macaroni, butter and candies. She has 10 years of experience in this business, and she has much knowledge about the market and her clients' demands.
The food products Dunyaxanim sells are very popular among people and in high demand. Her monthly profit from selling foods is 250 AZN. Her husband helps to purchase products and bring them to the shop. This business provides the sole financial income in her family. She is a very successful entrepreneur because she is located in a good location in the central bazaar of her home city.
Now Dunyaxanim is requesting a loan in the amount of 1,500 AZN to expand her business in the future. She has a good credit history, and this is her sixth loan.
Aqroinvest Credit Union was founded in 2001 by a group of 32 farmers from Imishli. It has since grown to become the largest credit union in Azerbaijan, owned by its more than 5,400 borrowers and boasting a portfolio of nearly US$12 million.
AqroInvest is focused on providing loans to the following groups of people: rural farmers, people living in distant southern villages with little or no access to finance and internally displaced people and refugees, many of whom lost their homes and livelihoods during the violent conflicts in the 1990s.
In May 2011, Aqroinvest started a new project with Kiva proving higher education loans to students. The project gives students the support and financing they need to continue their education and helps pay for tuition fees at various universities in Azerbaijan. Aqroinvest is the first credit union in the country to offer students loans.