Ilham is a 45-year-old farmer. He lives with his wife and four children. Three of the children are still in school. Ilham has been farming for 25 years, producing milk and milk products and raising animals that he sells at the local market in his area. His family has no additional source of income.
Ilham is requesting a 1,600 Azerbaijan new manat loan from VisionFund AzerCredit (VFAC) to buy one head of cattle. This will provide him with more products and increase his income that will help boost his living standards and pay for his children’s education. Ilham plans to expand his farm to guarantee the future of his children.
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.