Konul is a 35-year-old widowed woman and she has a two kids. Konul’s mother is also living with her and her mother takes care of her grandchildren. Konul says that whatever she does is for a better future for her children and her first wish is to give a good education to her kids. For that she works the whole day. She rents a store near her home. Konul sells food products such as sweets, sugar, tea, gum, etc. From this business her profit is 120 AZN for a month.
Now Konul needs a loan of 1,800 AZN to buy more products for her store. She has a good loan history and this is her third loan. She believes this loan will have a positive impact on the expansion of her business.
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.