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.
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