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:
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.