Aynura is a 34-year-old woman. She is a widow, and brings up a daughter and a son alone. She earns money working as a seller of different kinds of tableware and tablecloths. She has worked in this area for 15 years, and has already learned everything of her customers and their demands. This is the only source of family’s income, and her monthly income is 130AZN.
Azerbaijan cuisine is very various and rich. There are different kinds of dishes and desserts, and each of them has its own kind of plate. Azerbaijanis like to decorate their tables when they have guests, holidays, parties, even for daily breakfast, dinner and supper. Local people like to attend Aynur’s shop, because she has beautiful plates and tablecloths with beautiful ornaments and patterns.
Aynur needs money to provide her children a primary education. She wants them to become well-educated, and be able to provide them a good life in the future. She doesn’t want them to live a hard life as she does herself.
She applied for a 1000AZN loan in order to buy new kinds of tableware and tablecloths, and make the shop’s assortment wider.
She hopes this will increase her monthly income. This is her fourth loan.
Aynur is a very responsible woman and has a positive client history.
Aqroinvest Credit Union was founded in 2001 by a group of 32 farmers from Imishli. It has since grown to become the largest credit union in Azerbaijan, owned by its more than 5,400 borrowers and boasting a portfolio of nearly US$12 million.
AqroInvest is focused on providing loans to the following groups of people: rural farmers, people living in distant southern villages with little or no access to finance and internally displaced people and refugees, many of whom lost their homes and livelihoods during the violent conflicts in the 1990s.
In May 2011, Aqroinvest started a new project with Kiva proving higher education loans to students. The project gives students the support and financing they need to continue their education and helps pay for tuition fees at various universities in Azerbaijan. Aqroinvest is the first credit union in the country to offer students loans.