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Jalil
Jalil is 39 years old, married, and has two sons. He raises seasonal fruits and vegetables in his garden and sells them. His monthly income is 400 AZN. His brother helps him to raise and sell the crops. Raising crops has been Jalil's his life project for the past eight years, and this business brings him stable income, which is the only financial source for his family.

Jalil says that, year to year, the climate has become more vigorous than previous years, with especially hot summers and cold winters. In summer, the temperature reaches 105 degrees Fahrenheit, and the main problem in the region is water for irrigation and for animals. Jalil is not able to build a water channel for his garden, alone. This is quite an expensive process, which requires a labor force and special equipment.

When he heard about water loans, Jalil was extremely excited and applied for a 2,000 AZN loan. He will use this loan to pay for rental of special equipment, like a tractor, and for workers who will dig the land, to make a water channel.

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 Jalil to pay for rental of special equipment and laborers, to dig a water channel for irrigation of his crops.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 5, 2013
Listed
Mar 17, 2013
Currency Exchange Loss:
Covered
Ended:
Oct 17, 2014