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Zulfi
Zulfi is 56 years old, married and has two kids. For many years Zulfi has worked in farming, with his main crop being lemons. The work is going very well, because Zulfi has many years of experience and always worries about giving his customers the highest quality products. However, he has a problem with water because he has to get the water from his neighbor every time. For this reason he is asking for a loan of 1,200 AZN so that he can obtain a water pump to irrigate and expand his lemon crop.

Zulfi is very grateful to Kiva lenders because thanks to their support, he will be able to buy a water pump.

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.

Tags

About Azerbaijan

  • $6,171
    Average annual income
  • 29
    View loans »
    Azerbaijan Loans Fundraising
  • $13,959,400
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $1,550 helped Zulfi to buy a water pump to irrgate his lemon crop.
41% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 12, 2014
Listed
Aug 22, 2014
Currency Exchange Loss:
Possible