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Baxsheyish
Baxsheyish is 63 years old and on a pension. He breeds cows for milk purposes and has 20 years of experience in this field. He is married and has one son who helps him run the business. He has regular customers and his business brings him a stable income of 150 AZN. However, there is only one problem he has which is the lack of water. Several years ago he bought land for cultivating vegetables, but it is still unused because there was no water for irrigation. Meanwhile, to water his cows, he pastures them at the nearest river about 1 kilometer away.

When he heard about water loans he was extremely excited and applied for a 2000 AZN loan. Building a water channel is quite an expensive process which requires labor and special equipment. He will use this loan to pay for special equipment rentals, like a tractor, to build the water channel and for workers who will dig the land. This will be his second loan and he has 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
  • 12
    View loans »
    Azerbaijan Loans Fundraising
  • $13,919,450
    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 Baxsheyish to pay for special equipment to rent and for labor.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 4, 2012
Listed
Oct 18, 2012
Currency Exchange Loss:
Covered
Ended:
May 17, 2014