Check out some available loans that are similar to this one!
Qurban
Qurban is 42 years old; he is married and the father of one son. He raises cows for milk purposes and has four years of experience in this field. His business brings him a stable income of 180 AZN. He has permanent buyers; however, there is only one problem he has now, which is the absence of water. Now, in order to water his cows, he has to herd them about 1 kilometer to the nearest river.

When he heard about water loans he was extremely excited and applied for a 1,800 AZN loan. A water channel is quite an expensive process which requires a labor force and special equipment. Qurban will use this loan to pay for special equipment rentals like a tractor for making a water channel and for workers who will dig up the land. He has a good loan history and this is his second loan. Qurban awaits your support.

Additional Information

More information about this loan

This loan is designed for clients residing in settlements for Internally Displaced Persons (IDPs) in Bilasuvar, Azerbaijan. An internally displaced person (IDP) is someone who has been forced to flee his or her home due to armed conflict, violence, human rights violations, or natural or manmade disasters, but who, unlike a refugee, has not crossed an international border (source: UN Office for the Coordination of Humanitarian Affairs). Many of these people have failed to qualify for loans through formal channels due to low income and lack of collateral. By funding this loan, you are creating opportunities and supporting economic development in extremely underserved communities. 

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.

Tags

About Azerbaijan

  • $6,171
    Average annual income
  • 28
    View loans »
    Azerbaijan Loans Fundraising
  • $13,953,050
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $2,300 helped Qurban to pay for special equipment rentals like a tractor for making a water channel.
94% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 12, 2013
Listed
Aug 27, 2013
Currency Exchange Loss:
Covered