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Javid
Javid is 35 years old, married and has two children. He breeds cows for milk purposes and has 15 years of experience in this field. His business brings him a stable income of 150 AZN and he has regular buyers. However, the one problem he has now is the absence of water for his cows. He pastures them at the nearest river about 1 kilometer away.

When he heard about water loans he was extremely excited and applied for a 1800 AZN loan. Water channels are quite an expensive process requiring a labor force and special equipment. He will use this loan to pay for special equipment rentals, like a tractor, for making water channel and for workers who will dig the land. This will be his third loan and he 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
  • 15
    View loans »
    Azerbaijan Loans Fundraising
  • $13,995,725
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,300 helped Javid to pay for a tractor rental and to hire laborers.
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