Elmira is 45 years old and married. She has three sons ages 17, 16 and 13. They are all schoolchildren. Her husband works at the Gas department in Baku city, the capital of Azerbaijan.
About three years ago the river Kur burst its banks and damaged the houses at their village. Elmira's house is a clay building and as a result of the flood it has significant damages. She dreams of building a new safe house from stone, and when the eldest son gets married they can all live together.
For more than 17 years she has been working in animal husbandry, having started this business with only one cow. Thanks to her hard work, her farm now includes 1 bull, 3 cows, 30 head of sheep and 11 lamb. In addition, she sells cucumbers that she plants at the greenhouse. For the purpose of further developing her business, Elmira has approached VFAC for a loan of 1,200 AZN to buy 2 dairy cows so she can increase her earnings from the sale of milk. Her three cows now are not able to give milk, they will give birth to calves.
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.