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Arif is applying for his second Kiva loan. He has improved his business and started a taxi business. Now he needs a loan of 2,000 AZN to buy spare parts to improve his taxi business.

Additional Information

About Komak

Komak means “help” in Azerbaijani. As of its creation in 1999, Komak has kept true to its name by helping thousands of Internally Displaced Persons, refugees and the economically disadvantaged by providing these groups with sustainable credit services. As of 2010 Komak’s $2.5 million portfolio serves 1513 clients, 81% of whom are IDPs, and 40% of borrowers are women. In 2009, Komak was cited in a report by the United Nations General Assembly as one of Azerbaijan's prominent forces in restoring the local economy by enabling small and medium enterprises with credit. For more on Komak, please join our lending team, Friends of Komak Credit Union.

About Azerbaijan

  • $10,800
    Average annual income
  • 84
    View loans »
    Azerbaijan Loans Fundraising
  • $14,526,825
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD
A loan of $2,500 helped Arif to buy spare parts for his taxi.
Repayment Term
17 months (Additional Information)
Repayment Schedule
Sep 1, 2009
Sep 2, 2009
Currency Exchange Loss:
Oct 2, 2009