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:
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.