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Alim
Alim is a 22-year-old single man. He lives with his parents and helps them as much as he can. He works as a laborer in his region. Last year, he helped the community by repairing a big broken water pipe. His earnings for this were only 200 AZN.

Water is one of the most important elements of human life. People cannot live without water. They drink it, use it for washing, and to raise their gardens and crop fields. During a severe winter, the water pipe broke again and caused a lot harm for the region. Now most of the houses cannot use their water.

Alim applied for 2,000 AZN in order to by all the needed tools and finish repairing as soon as possible. It is a hazard for his house, which is situated next to the pipe. He wants to attract a professional repairer for this work and also needs to repair his house.

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
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $2,550 helped Alim to repair the main water pipe.
65% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 6, 2014
Listed
Feb 24, 2014
Currency Exchange Loss:
Possible