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
This loan is administered by VisionFund AzerCredit (VF AzerCredit). VF AzerCredit is part of VisionFund International, which has microfinance banking operations in 40 countries. VF AzerCredit aims to provide sustainable financial services for people in Azerbaijan who are not able to access financing through the conventional banking system.
With branches stretching across Azerbaijan, VF AzerCredit currently serves over 40,000 active clients with a variety of loan products. Of over 20 regions in which VF AzerCredit operates, a strong majority are comparatively underserved rural areas.