Malik is 48 years old, married and the father of three adult children. He has been in the agriculture business for 20 years. Malik earns money by selling milk products and meat to regular customers who are his neighbors. He also provides service on the lands on his own tractor. Today his number of animals is increasing and he applied to VFAC for a loan of 1,300 AZN. With this loan, he wants to buy sheep.
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.