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:
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.