Vagif is 57 years old. He is married and the father of two children. Vagif and his family live and work in the rural village. His wife and daughter work at home, taking care of animals and producing the milk products. His son helps him in selling meat, yogurt, milk and poultry.
Vagif himself is a farmer. He has 17 years of experience in this area. He earns his living in farming by persistent work. He would like to expand his business, since his children are grown, and he needs to marry them and provide them with housing. He plans to start a fruit and vegetable selling business, in particular. Now, he is requesting a loan to buy sheep, a cow with its calf and poultry. He plans to use the income for the marriage of his son.
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.