Telman, 52, and his wife are pensioners. They have two children, ages 19 and 20. To be able to provide his family with products, medicine and other needs, he started his own farming business. He had one cow in the stable when he started, and now he has three cows and one cattle.
He breeds cows and cattle and sells milk and milk products as well as cattle for meat purposes to local butchers. Milk, yogurt, as well as beef and mutton, are very popular and profitable products in Azerbaijan. Telman has 19 years of experience in this field, thanks to his parents who taught him the best way to look after cattle.
This activity is the main financial income in his family but still not enough to cover their basic needs. Telman has applied for a loan of 1,600 AZN to purchase two milk cows. This is his second loan with VFAC and he has a good client history.
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.