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Balakhan
Balakhan is 21 years old and lives with his mother. After his father's death, he is continuing his agriculture activity.

Balakhan sells milk products and meat, so he is the only breadwinner in the family. He owns land where he raises grass for animals, additionally, in a season, he plants watermelon, melon and cucumber and his mother helps him to sell it.

He has more than six of years experience in this field, so the expansion of his farm is very important to him.

Balakhan has applied for this loan to purchase field sowing tools and watermelon seeds. This will expand his agriculture activity and will help him to gather more income. This loan is very important for Balakhan to cover his family's basic costs and improve his living conditions. He plans to do renovation work at home and to get married soon.

Additional Information

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.

About Azerbaijan

  • $6,171
    Average annual income
  • 26
    View loans »
    Azerbaijan Loans Fundraising
  • $14,057,125
    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 Balakhan to purchase field sowing tools and watermelon seeds.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 5, 2013
Listed
Mar 13, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014