Zemfira D. is a 61 year old woman who keeps a small shop. She is married and has five children to whom she wishes to give the very best. This business is the only source of income in her family.
Zemfira has been running her store for 20 years. She sells different kinds of textiles, bath and bed accessories, etc. Zemfira is very dynamic and cares for her family. She tries to give her family as much money as possible to cover the school expenses of her children because her dream of for all of them to be well educated.
Today, Zemfira wants to expand her business and increase her working capital for purchasing new goods to sell. For this purpose, she requests $1,200 to expand her business. Zemfira promises to manage this loan without any violations.
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.