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Vidadi
Vidadi is 40 years old and lives with his wife and four children. He has owned a grocery store since 2005. His eldest son receives a disability pension and his three younger children are going to school.

The house his family lives in has deteriorated, and recently he began a renovation, but due to a lack of money he stopped temporarily. Vidadi is now requesting a loan of 600 AZN to buy some materials for repairs.

After the full renovation, his family will live in a comfortable and warm place where less coal is burned and fewer pollutants are released into the air. Vidadi is a very hardworking individual who strives for a better future.

Additional Information

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.

For more information on VF AzerCredit, please visit its partner page. If you would like to support other VF AzerCredit clients, please see other loans currently fundraising from this Field Partner.

About Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

Tags

About Azerbaijan

  • $6,171
    Average annual income
  • 24
    View loans »
    Azerbaijan Loans Fundraising
  • $13,995,725
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $775 helped Vidadi to buy materials for construction work at home.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 29, 2013
Listed
Jan 14, 2014
Currency Exchange Loss:
Possible
Ended:
Dec 20, 2014