For 20 years, Mahammad has been working as a welder. He provides welding services with his tractor; his activity is a mobile service. With the profit from his welding service, Mahammad meets his family's needs. With the accumulated profit from his service he dreams to buy a new tractor because his tractor is worn.
But today he has applied for the loan to make repair works at his house. The house the family lives in has deteriorated over the years and needs some urgent repairs. So he is requesting a loan of AZN 1,600 to purchase building and insulation materials such as bricks, planks, and fiberglass. Using these materials, he will repair his house, thus enabling his family to live in a comfortable and warm place in the winters. Mahammad is a very hardworking individual who strives for a better future.
About VisionFund AzerCreditThis 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 Housing Loans
Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.
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Success!! The loan was 100% repaid