VF Azercredit was founded in 1996 and is currently the third largest MFI in Azerbaijan in terms of active borrowers. It serves a niche of low-income micro entrepreneurs particularly in rural areas, which guarantees a strong involvement in agricultural lending. Azercredit has a network consisting of seven branches and 14 sub-offices allowing for a large geographical coverage of the main economical areas in the country. It applies both individual lending and group lending methodologies. Azercredit’s product range has increased over the years and currently includes seven loan products, including individual agriculture loans, agriculture and urban group loans and household loans.