OUR MISSION IS TO PROVIDE FINANCIAL SERVICES
WHICH HAVE A POSITIVE IMPACT ON THE LIVES
OF THE POOR
VisionFund AzerCredit was initially created in 1996 as a program of World Vision, a worldwide 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.
Although much has changed since then, the vision of VF AzerCredit is still to assist people in developing a positive and self-sustainable lifestyle.
The mission of VF AzerCredit is to provide financial services which have a positive impact on the lives of the poor.
VF AzerCredit currently operates 37 outlets in 30 regions, 22 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.
The total number of active borrowers is over 70,000 and the portfolio approaches $70 million. In line with these figures, VF AzerCredit keeps an outstanding portfolio quality, as PAR>30d is around 0.3%.
Being an equal employment opportunity provider, VF AzerCredit employs about 600 staff members, who are the main asset of the organization.
VF AzerCredit`s leadership on Azerbaijan microfinance market and active improvement of internal systems creates a perfect environment for future development of the organization and expansion into many more rural and remote areas, which will be the focus of the organization for the coming years.
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