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Gancali
Gancali is a 62-year-old man on a pension who is married and has four children. He is an Internally Displaced Person and lives in the IDP Settlement.

He is farmer. He has raised potatoes, carrots, greens, and other vegetables for the past 18 years. His business has grown smoothly, and his monthly income is 150 AZN.

However, there is one main challenge in his business: no water for irrigation. He says that this summer was most harmful for his crop. It was extremely hot, and he had to order special water service for watering his land.

Gancali is not able to build water channel for his garden alone. This is a quite expensive process that requires labor and special equipment. He was extremely excited about the water loans provided by AqroInvest, so he applied for a AZN 2,000 loan. He will use this loan to pay for special equipment like a tractor for making the water channel and for workers who will dig the land.

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
  • 26
    View loans »
    Azerbaijan Loans Fundraising
  • $13,991,525
    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 Gancali to pay for tractor rent and labor to dig a water channel.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 4, 2012
Listed
Oct 19, 2012
Currency Exchange Loss:
Covered
Ended:
Nov 17, 2014