Funded

Total loan: $2,550
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Eldaniz

Azerbaijan
Imishli, Azerbaijan / Agriculture

A loan of $2,550 helped to pay for special equipment rental and for hiring laborers to make a water channel.


Eldaniz's story

Eldaniz is a 35-year-old farmer who keeps 30 head of sheep and raises wheat. He has 14 years of experience in this field. He is single and his brother and mother help him to run the business. His monthly income is 300 AZN and he has only one wish now--to pipe water to his fields and to his house. Now to water his cows he pastures them to about 1 kilometer to the nearest river.

When he heard about water loans he was extremely excited and applied for a 2000 AZN loan. Making a water channel is quite an expensive process which requires a labor force and special equipment. He will use this loan to pay for renting special equipment like a tractor for making a water channel and for workers who will dig the land. This will be his fifth loan and he has a good client history.



Loan details

Loan length:

26 months
Disbursed date: October 4, 2012
Facilitated by Field Partner: Aqroinvest Credit Union

Lenders and lending teams




Loan details

Loan length:

26 months
Disbursed date: October 4, 2012
Facilitated by Field Partner: Aqroinvest Credit Union