Elman is 46 years old and lives in a rural village in a rural province. He is married and the father of two children ages 19 and 20. He sells the animals he raises. Elman has been in this line of work for 20 years. Also, he wants to increase the number of animals to start selling milk products and be at least the average level of farmer.
Elman is requesting a loan from VisionFund for 1,500 AZN (Azerbaijani new manat) to buy feed for his animals. He believes that this loan will allow him to earn more money, and his children to have a better life.
About VisionFund AzerCredit:
Vision Fund AzerCredit was established in 1996 to provide credit to ensure people can take control over their own lives and livelihoods.
While VF AzerCredit works both in the urban and rural areas of Azerbaijan, the emphasis is placed on providing loans to micro and small rural entrepreneurs and self-employed poor, covering remote areas, which are not bankable.
AzerCredit provides group loans, agriculture loans and household and family loans for small and micro entrepreneurs.