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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

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 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