Bahar is 57 years old and is married with four children. She sells food products, such as macaronis, butter, cookies, sugar, tea, candies, and beverages in her shop. Bahar has 24 years of experience in this field, which makes her a knowledgeable and skilled person.
The food product she sells is very popular among people and in high demand. Her monthly profit from selling food is 120 AZN. She is a very successful entrepreneur because of her good location in the central bazaar of her home city.
The profit she gains is not enough to reinvest into the business and covering customers` demands is impossible for this reason. Since this is her main source of income, her profit is used for family needs. Bahar would like to increase her sales and invest additional capital. For this purpose she applied for a loan of 2,000 AZN. She will purchase and diversify the foodstuffs she sells. This will be her fourth loan, and she has a good credit 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.