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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 in 2001 by a group of 32 farmers from Imishli. It has since grown to become the largest credit union in Azerbaijan, owned by its more than 5,400 borrowers and boasting a portfolio of nearly US$12 million.
AqroInvest is focused on providing loans to the following groups of people: rural farmers, people living in distant southern villages with little or no access to finance and internally displaced people and refugees, many of whom lost their homes and livelihoods during the violent conflicts in the 1990s.

In May 2011, Aqroinvest started a new project with Kiva proving higher education loans to students. The project gives students the support and financing they need to continue their education and helps pay for tuition fees at various universities in Azerbaijan. Aqroinvest is the first credit union in the country to offer students loans.

Tags

About Azerbaijan

  • $6,171
    Average annual income
  • 22
    View loans »
    Azerbaijan Loans Fundraising
  • $14,050,875
    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 $1,550 helped Zulfi to buy a water pump to irrgate his lemon crop.
55% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 12, 2014
Listed
Aug 22, 2014
Currency Exchange Loss:
Possible