Nushaba is 52 years old, married, and has two daughters. Her husband is laborer. She works in a small market and sells different products (milk, sweets, butter, salt, rice, cookies, soaps, shampoo, washing powder, etc.). Her monthly income is 130 AZN.
Daily foods and other daily products are in high demand. People use them almost every day. That’s why they run out of such products fast. It’s easier for people to buy products from little markets, because they are cheaper.
Nushaba wants to provide her daughters with a bright future. She applied for 1,500 AZN loan in order to buy an assortment of products for her market and increase its income. This is her second loan and she has a positive client 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.