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.
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.