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Arif
Arif, 48, is a farmer who breeds cattle for milk and meat purposes. He is married and has two sons. He is an internally displaced person (IDP) and lives in an IDP settlement. He has 10 years of experience in the cattle business.

The village where Arif lives is located in the southern part of Azerbaijan with very rigorous climate conditions. Summer temperatures reach 105 degrees fahrenheit. The main problem in the region is adequate water for irrigation and for animals. Arif cannot afford to build a water channel for his animals. This expensive process requires a labor force and special equipment. When he heard about water loans he was extremely excited and applied for a 2000 AZN loan. He will use this loan to pay for special equipment to rent, like a tractor for making the water channel, and for workers who will dig the land.

He is trustworthy client of AqroInvest and 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
  • 19
    View loans »
    Azerbaijan Loans Fundraising
  • $13,949,600
    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 Arif to rent a tractor and hire laborers to dig a water channel.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 4, 2012
Listed
Oct 26, 2012
Currency Exchange Loss:
Covered
Ended:
Nov 17, 2014