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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 in 2001 by a group of 32 farmers from Imishli. It has since grown to become the largest credit union in Azerbaijan, owned by its more than 5,400 borrowers and boasting a portfolio of nearly US$12 million.
AqroInvest is focused on providing loans to the following groups of people: rural farmers, people living in distant southern villages with little or no access to finance and internally displaced people and refugees, many of whom lost their homes and livelihoods during the violent conflicts in the 1990s.

In May 2011, Aqroinvest started a new project with Kiva proving higher education loans to students. The project gives students the support and financing they need to continue their education and helps pay for tuition fees at various universities in Azerbaijan. Aqroinvest is the first credit union in the country to offer students loans.

About Azerbaijan

  • $6,171
    Average annual income
  • 14
    View loans »
    Azerbaijan Loans Fundraising
  • $14,200,075
    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