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Alasgar, 42 years old, is married and has two daughters. He has been a farmer for 16 years. He produces milk and trefoil (a forage plant), selling them at the local market. He plans to specialize in dairy farming in the next several years.

Alasgar's eldest daughter is getting married. He is requesting a loan from VFAC for 1,200 AZN, which he will use to purchase dotal property for her. Dotal property is property which the wife brings in order to assist the husband with the marriage expenditure.

Additional Information

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.

About Azerbaijan

  • $10,800
    Average annual income
  • 23
    View loans »
    Azerbaijan Loans Fundraising
  • $14,856,925
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,550 helped Alasgar to purchase dotal property for his daughter.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Nov 30, 2012
Dec 18, 2012
Currency Exchange Loss:
Mar 17, 2014