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Tofig is 49 years old. He has a wife and two children aged 15 and 18.

Tofig works in a dairy factory as a milk carter. He also works in agriculture. He is engaged in livestock breeding. Tofig likes the agriculture business and is interested in buying and reselling sheep. He has 19 years experience in this area. Besides, in the courtyard of his house, there is a barn for livestock, and the livestock market is not far from his home.

In order to purchase more yearling sheep, Tofig applied for a loan with an aim to fatten and resell them. He plans to spend the income from the business to refurbish his house.

Additional Information

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 Azerbaijan

  • $10,800
    Average annual income
  • 31
    View loans »
    Azerbaijan Loans Fundraising
  • $14,344,150
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Tofig to purchase more yearling sheep.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
May 8, 2013
May 26, 2013
Currency Exchange Loss:
Jun 17, 2014