Karam is a 60-year-old widowed man with two children. His daughter is married and lives separate from them. His son is married also and lives with Karam.
Karam has been a farmer for 22 years raising, buying, and selling livestock. He plans to build a little house for his son's family in the future.
Karam will use the funds from this loan to pay for personal medical expenses as he has health problems.
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.