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Ziya
Ziya is a 36-year-old farmer who raises crops such as fruits, vegetables, wheat, and corn. He is an IDP (Internally Displaced Person) and lives with his family in an IDP Settlement. His son helps him and Ziya hopes that one day his son will continue the family business.

The IDP Settlement was built several years ago, and there are still some utility problems such as the water supply. People are suffering and he orders special cars with water to irrigate his crops, especially in summertime, when the temperature reaches 105 degrees Fahrenheit.

Ziya’s monthly income is 200 AZN. However, this is not enough to build a water channel for his crops because it is quite an expensive process which requires a labor force and special equipment. When Ziya heard about water loans, he was extremely excited and applied for a 2,000 AZN loan. He will use this loan to pay for special equipment like a tractor for making a water channel and for workers who will dig the land.

Ziya 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
  • 43
    View loans »
    Azerbaijan Loans Fundraising
  • $13,977,125
    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 Ziya to pay for special equipment and hire laborers.
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