The IDP Settlement where Humbat lives is newly built by the government, and is located in the southern part of Azerbaijan where there are very rigorous climate conditions. In summer, the temperature reaches 105 degrees Fahrenheit. The main problem in the region is water for irrigation and for animals.
Humbat is not able to a build a water channel for his garden alone. This is quite an expensive process which requires a labor force and special equipment. He was extremely excited about water loans provided by AqroInvest, 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 pay for workers who will dig the land.
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 AqroinvestAqroinvest 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.
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Success!! The loan was 100% repaid