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Telman is a 58-year-old man who is married with two daughters. He is an IDP (internally displaced person). He is a cattle breeder and has two cows. His monthly income is 300 AZN and this is only one financial income in his family. The area where he lives has very rigorous climate conditions and one problem, which is water, always exists. He has only one wish now--to connect water to his house. Now, to water his cows he pastures them to about one kilometer to the nearest river.

When he heard about water loans he was extremely excited and applied for a 2,000 AZN loan. Creating a water channel is quite an expensive process that requires labor force and special equipment. He will use this loan to pay for renting 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
  • 12
    View loans »
    Azerbaijan Loans Fundraising
  • $13,919,450
    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 Telman to pay tractor rent and hire labors to dig a water channel.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Oct 4, 2012
Oct 19, 2012
Currency Exchange Loss:
Nov 17, 2014