Latifa is 57 years-old. She has grown vegetables and fruit for more than 20 years. She is very hard-working and passionate about her work .She considers it fun to grow potatoes, tomatoes, cucumbers and to plant fruit trees with her husband. She sells her crops in the bazaar in order to make profits to support her family.
Latifa's income from this business is 150 AZN. In order to increase the standard of living of her family she plans to expand her business.
She has already taken three loans from Aqroinvest in the past. With a good loan history, she has applied for a third loan of 2000 AZN. With this money she wants to invest in the business and buy more fruit trees in order to generate more revenue.
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.