Kiva conducts regular, ongoing monitoring of all Field Partners, but only posts status updates here in response to relevant, major changes at the partner.

Vision Fund AzerCredit was established in 1996 as a program of World Vision Azerbaijan, a relief-and-development organization to provide credit to ensure people can take control over their own lives and livelihoods. In 2002, VF AzerCredit was successfully registered as a Limited Liability Company and obtained Central Bank license in 2003.  

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.  VF AzerCredit currently serves more than 40,000 active clients, including IDPs (Internally Displaced Persons), through its 8 branches and 16 sub-branches mostly operating in rural areas.  VF AzerCredit operates in 21 regions, 14 of which are comparatively underserved rural areas.  Rapid growth of the branch network in underserved rural areas provides the foundation for continued growth in the coming years. 


Our Mission 
To provide financial services which have a positive impact on the lives of the poor.  The primary objective of VF AzerCredit is to provide loans to those who are not able to access facilities through the conventional banking system. 

Our Products and Services
Currently AzerCredit provides following products to the target clients: Group Urban and Group Rural Loans, Individual Urban and Agriculture Micro Loans, Individual Urban and Agriculture Small Loans and Household Loans for Small and Micro Entrepreneurs.

Social Performance
The organization is actively investing in developing social performance management system as a part of its strategic plan, as it looks to support the double bottom-line. The poverty measurement tool has been introduced and is permanently used at VF AzerCredit starting from October 2009. The poverty measurement tool provides an opportunity to measure the poverty level of targeted clients and in future will help gauge the impact of AzerCredit on the lives of the poor.

Customer Service
VF AzerCredit recently started active development of Customer Service Strategy. The first step in this direction was creation of reliable feed-back system of customer grievance and suggestions. Client Relationship Management will be one of the core directions of VF AzerCredit in coming years.


VF AzerCredit is a member of the following networks: Vision Fund International (VFI), Azerbaijan Micro Finance Association (AMFA) and Micro Finance Center (MFC).


Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Nov 28, 2011 Oct 12, 2005
Total Loans $637,700 $654,820,650
Amount of raised Inactive loans $0 $217,250
Number of raised Inactive loans 0 169
Amount of Paying Back Loans $199,475 $127,821,975
Number of Paying Back Loans 131 140,970
Amount of Ended Loans $438,225 $526,781,425
Number of Ended Loans 298 659,277
Delinquency Rate 28.21% 6.59%
Amount in Arrears $33,976 $5,487,929
Outstanding Portfolio $120,420 $83,299,845
Number of Loans Delinquent 123 24,006
Default Rate 0.00% 1.11%
Amount of Ended Loans Defaulted $0 $5,866,301
Amount of Ended Loans $438,225 $526,781,425
Number of Ended Loans Defaulted 0 17,636
Currency Exchange Loss Rate 0.00% 0.14%
Amount of Currency Exchange Loss $0 $895,125
Refund Rate 0.20% 0.71%
Amount of Refunded Loans $1,275 $4,640,300
Number of Refunded Loans 1 5,166

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 23.99% 74.20%
Average Loan Size $1,486 $417
Average Individual Loan Size $1,486 $655
Average Group Loan Size $0 $1,843
Average number of borrowers per group 0 8
Average GDP per capita (PPP) in local country $6,171 $3,395
Average Loan Size / GDP per capita (PPP) 24.08% 12.29%
Average Time to Fund a Loan 16.76 days 6.02 days
Average Dollars Raised Per Day Per Loan $88.65 $69.29
  Average Loan Term 13.79 months 10.61 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 27 324,579
  Journaling Rate 6.56% 41.86%
  Average Number of Comments Per Journal 0.00 0.07
  Average Number of Recommendations Per Journal 0.00 1.71

Borrowing Cost Comparison (based on 2013 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 42% PY 29.00% PY 33.02% PY
  Profitability (return on assets) 9.3% 4.7% -0.68%
  Average Loan Size (% of per capita income) 13.20% 27.00% 36.66%

Country Fast Facts

Field Partner Staff

Shahla Alibayli
Chris Paci