Rufat is 60 years old, married, and has three adult children. He is a farmer who is raising his family in a rural community. He cultivates their farmland by planting vegetables and fruits, such as cucumbers, tomatoes, quinces and dates, to be sold. He supports his family. He plans to expand his vegetable production to achieve higher production. One of his children, his eldest son, is getting married. For this reason, he is applying for a loan of 1000 AZN. He believes that, with the financial assistance of KIVA lenders through VFAC, he will be able to help his son. Rufat wants to contribute and help his son with his wedding expenses, as he has some financial needs.
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.