Latafat is a 53-year-old married woman and has four sons. Her husband works doing repairs, but the main source of income is poultry. Latafat has been raising chickens and hens for 20 years. Her monthly income is 400 AZN.
Poultry is one of the most predominant types of farming. People buy eggs and hens to use them in cooking of different national dishes.
Latafat applied for 600 AZN in order to buy chicken feed and expand her small business. She plans to increase her income and cover the family’s life demands. 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.