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Alasgar, 42 years old, is married and has two daughters. He has been a farmer for 16 years. He produces milk and trefoil (a forage plant), selling them at the local market. He plans to specialize in dairy farming in the next several years.

Alasgar's eldest daughter is getting married. He is requesting a loan from VFAC for 1,200 AZN, which he will use to purchase dotal property for her. Dotal property is property which the wife brings in order to assist the husband with the marriage expenditure.

Additional Information

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.

For more information on VF AzerCredit, please visit its partner page. If you would like to support other VF AzerCredit clients, please see other loans currently fundraising from this Field Partner.

About Azerbaijan

  • $6,171
    Average annual income
  • 26
    View loans »
    Azerbaijan Loans Fundraising
  • $13,991,525
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,550 helped Alasgar to purchase dotal property for his daughter.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Nov 30, 2012
Dec 18, 2012
Currency Exchange Loss:
Mar 17, 2014