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.
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.