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In English Azərbaycan dilində

About Us

History

Our History
IT IS EASIER WITH US

VF AzerCredit was initially created in 1996 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.

The mission of VF AzerCredit was to provide financial services which have a positive impact on the lives of the poor. VF AzerCredit is currently in liquidation process.

In 2008:
  • VF AzerCredit received recognition certificate from Azerbaijan Microfinance Association as acknowledgement for pioneering participation in Advancing Social Performance Management in Azerbaijan, which included undergoing the process of social audit;
  • "The Best Community Impact Provider in Azerbaijan" nomination was awarded by Azerbaijan Microfinance Association, thus the organization was recognized as the MFI with the best community impact on the market;
  • By the Certificate of Recognition received, VF AzerCredit was Ranked 66th on the Portfolio Quality List by the Microfinance Information Exchange;
  • Certificate of Recognition, VFI Green "Good Performance" Rating for the year 2008.
In 2009:
  • VF AzerCredit went through Financial and Social Rating conducted by Microfinanza Rating. Thus, AzerCredit became the first institution in Azerbaijan to go through social rating;
  • VF AzerCredit was audited by a big four audit company and received an unqualified opinion, which is indeed a success for an MFI;
  • Our performance was highly recognized by the microfinance industry by receiving Silver Award from CGAP, Ford Foundation and Michael & Susan Dell Foundation for reporting on Social Indicators to MIX;
  • MFC awarded acknowledgement for pioneering participation in the project Advancing Social Performance Management in Azerbaijan using MFC Quality Audit Tool;
  • MF Transparency recognized VF AzerCredit as a leader in transparent pricing in Azerbaijani microfinance industry.
In 2010:
  • CGAP, Susan and Michel Dell Foundation together with MIX awarded a Gold Award for Social Performance Reporting to MIX at the MFC conference in Astana, Kazakhstan in May 26, 2010;
  • Award "Member of the year 2010" given by AMFA in October on the 5th Azerbaijan Microfinance Conference "Responsible Micro-Finance in Azerbaijan".
In 2011:
  • VF AzerCredit was awarded as the "Best Member Succeeding in SMART Campaign Client Protection Principle 4: Ethical Staff Behavior" by Azerbaijan Microfinance Association.
  • CGAP, Michael and Susan Dell Foundation, Ford Foundation together with MIX awarded a Platinum Award for social performance reporting in 2011. The Platinum Award was introduced in 2011 as the highest level of the award from MIX.
In 2012:
  • VF AzerCredit received an award for Promoting Transparent Pricing/Services in Azerbaijan Microfinance Industry at the fifth Annual Award Dinner hosted by AMFA in Baku on 27 January 2012.
  • MF Transparency renewed the official Seal of Transparency awarded to VF AzerCredit for the period of April 2012 - April 2013.
  • VF AzerCredit received the MFC and Smart Campaign Good Practice Award in Mechanisms for Complaint Resolution at the MFC Conference held in Tbilisi from 28 to 30 May.
In 2013:
  • London-based International Finance Magazine conferred Best Microfinance Company Award on VF AzerCredit under the Financial Awards – Azerbaijan 2013 nomination.
  • VF AzerCredit won Hear My Voice Heat 2 Award from VF International for the exemplary communication of the impact of microfinance.
  • VF AzerCredit Received Certificate of Appreciation from Microcredit Summit Campaign for being an active member of the Campaign.
In 2014:
  • The year started with the Award for Effective Use of Innovative Technologies by AMFA, which was received at the Annual Award Dinner 2014 and was the result of the recent endeavors of VF AzerCredit to employ innovative technologies in its products and services;
  • The second award presented again at the Award Dinner 2014 was the Gender Equality Award by EBRD, AMFA and Frankfurt School of Finance & Management;
  • Transparency and responsible financing continuously come first in performance and strategies of VisionFund AzerCredit – both from customer and employee perspectives, which has contributed to S.T.A.R. certificate by MIX organization first time in Azerbaijan;
  • VF AzerCredit has been conferred with Client Protection Certification first time in the Caucasus by the Smart Campaign, a global initiative to incorporate strong client-protection practices into the microfinance industry.
In 2015:
  • VF AzerCredit was awarded as “Advanced MFI in HR Management” recognition at AMFA Annual Award Dinner 2015.
  • Received a certificate of appreciation at the 18th Annual Conference of Microfinance Center (MFC) for its outstanding efforts in the organization and conduction of the international “Borrow Wisely!” Campaign initiated to promote the application of customer protection standards and raise financial literacy.
In 2016:
  • Received a certificate of appreciation at the 19th Annual Conference of Microfinance Center (MFC) for its valued participation at the international “Borrow Wisely!” Campaign.
In 2017:
  • Received a certificate of appreciation at the 20th Annual Conference of Microfinance Center (MFC) for its continuous contribution to the organization and conduction of the international “Borrow Wisely!” Campaign.
Property Administrator of
VF AzerCredit LLC is Ganja Consultant OJSC




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Hot line: (+994 50) 287 30 37 050 2873037
WhatsApp: 050 2873037

©2019 VisionFund AzerCredit LLC
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SDN Business Center, 3rd floor,
10Q Alasgar Gayibov Street,
Baku AZ1029


Phone: (+994 12) 447 38 17
(+994 12) 448 38 17


E-mail: azercredit@azercredit.az