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 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 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