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Bayramali
Bayramali is a 51-year-old man, who is married and has three children. He is a sheep breeder and has 20 head of sheep in his herd. He has 16 years of experience in this field. His brother helps him in his business. Bayramali also has a garden, where he raises seasonal fruits and vegetables. His wife is a housekeeper, and she looks after the house and helps her husband to look after the sheep.

The village where Bayramali lives is located in the southern part of Azerbaijan, with very rigorous climate conditions. In summer, the temperature reaches 105 degrees, Fahrenheit, and the main problem in the region is water for irrigation and for animals. Bayramali is not able to build a water channel for his garden and animals, by himself. This is quite an expensive process, which requires a labor force and special equipment.

When he heard about water loans, he was extremely excited and applied for a 2,000 AZN loan. He will use this loan to pay for special equipment, like tractors, and for workers who will dig the land, to make a water channel. He is a 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
  • 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 Bayramali to pay for special equipment and labor, to dig the land to make a water channel.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 7, 2013
Listed
Mar 17, 2013
Currency Exchange Loss:
Covered
Ended:
Oct 17, 2014