Nigar is a 30-year-old single woman. She sells food products in the bazaar. She has been in this business for two years. She lives with her parents, who help her, because Nigar's work is the only income in the family. Her father also helps her in this business.
The food products that Nigar sells are very popular among people and in high demand. Her monthly profit from selling foods is 180 AZN. She is a very successful entrepreneur because she is in a good location in the central bazaar of her home city.
Nigar is now requesting a loan in the amount of 2,000 AZN to expand her business in the future. She has a good credit history, and this is her fifth loan.
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.