Tayfa A. is a 49 year old widow with one daughter. She is a very active woman.
Thirteen years ago, she started her business of raising sheep. She now has 6 sheep. She sells the animals to the local market and local restaurants after fattening them. With the income she generates, she provides a better quality of life for her daughter.
Despite her recent success, since the business is still quite small it doesn't generate enough income for the whole family. Tayfa would like to request a loan so she can expand her business and, thereby, increase her family's income. She will use the profit generated from the business to repay the loan on time.
She is asking for a loan of $1200 for the term of 15 months. She will use the loan to buy more sheep, which she will sell when they are fully grown. The well being of Tayfa’s family and her business is in your hands.
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.