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Gulumali is a cheerful man, age 36. He is married and has one school-age child. He lives with his family in a rural area. His wife helps him with his work. To have a stable income, Gulumali works with livestock. His wife helps him and takes care of the cows while they are being fattened. She also sells the dairy products provided by the cows' milk.

Now, the family's expenses are increasing since his son is going to school and he has costs that need to be provided for. Gulumali wants to expand his business to increase their income enough. He dreams of having a large family. He has turned to VFAC to take a loan to buy feed for his animals. He hopes for a positive outcome and is grateful for VFAC support.

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
  • 27
    View loans »
    Azerbaijan Loans Fundraising
  • $14,289,125
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,800 helped Gulumali to buy feed for his animals.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jun 7, 2013
Jun 27, 2013
Currency Exchange Loss:
Jul 19, 2014