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Eyvaz is a 53 year old man, who is married and has one son. He is a sheep breeder and has 20 head of sheep in his herd. He has 16 years of experience in this field. His wife is a housekeeper, who keeps house and helps her husband to look after sheep. He also has a garden where he raises seasonal fruits and vegetables.

The village where Eyvaz lives is located in the southern part of Azerbaijan, which has very rigorous climate conditions. In the summer the temperature reaches 105 degrees fahrenheit. The main problem in the region is water for irrigation and for animals. Eyvaz is not able to build a water channel for his garden alone. This is quite an expensive process which requires a labor force and special equipment. When he heard about water loans, he was extremely excited and applied for a 2000 AZN loan. He will use this loan to pay for special equipment, like a tractor for making a water channel, and to hire workers who will dig the land.

He is a trustworthy client of AqroInvest and has a good client history.

Additional Information

More information about this loan

This loan will help fund AqroInvest's new loan product that supports clients who need to set up proper soil irrigation systems for their agricultural activities. It will also provide financing opportunities to dig wells to expand access to clean water for human and livestock consumption.

About Aqroinvest

Aqroinvest Credit Union was founded by a group of 32 Imishli farmers in 2001, and has grown to become one of the largest credit unions in Azerbaijan. It boasts a portfolio of nearly $5 million and is wholly owned by its more than 3,500 borrowers, as of December 2011.

You can join Aqroinvest's Kiva lending team, Aqroinvest Dostları (Friends of Aqroinvest), and become a fan of the organization on Facebook here.

About Azerbaijan

  • $6,171
    Average annual income
  • 24
    View loans »
    Azerbaijan Loans Fundraising
  • $13,995,725
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,550 helped Eyvaz to pay for special equipment and to hire people.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Oct 4, 2012
Oct 18, 2012
Currency Exchange Loss:
Nov 17, 2014