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Eldaniz
Eldaniz is a 35-year-old farmer who keeps 30 head of sheep and raises wheat. He has 14 years of experience in this field. He is single and his brother and mother help him to run the business. His monthly income is 300 AZN and he has only one wish now--to pipe water to his fields and to his house. Now to water his cows he pastures them to about 1 kilometer to the nearest river.

When he heard about water loans he was extremely excited and applied for a 2000 AZN loan. Making a water channel is quite an expensive process which requires a labor force and special equipment. He will use this loan to pay for renting special equipment like a tractor for making a water channel and for workers who will dig the land. This will be his fifth loan and he 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.

Tags

About Azerbaijan

  • $6,171
    Average annual income
  • 17
    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 Eldaniz to pay for special equipment rental and for hiring laborers to make a water channel.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 4, 2012
Listed
Oct 18, 2012
Currency Exchange Loss:
Covered
Ended:
Nov 17, 2014