Kamandar is applying for a loan from Kiva for the second time. With his earlier Kiva loan, he improved his dairy business and started a sheep breeding business. In spite of the fact that this business is new for him, he is confident that this business also will be very successful. To achieve this, he again needs the help of Kiva.
He is going to buy 10 sheep for improving his sheep breeding business, and that is why he is applying for the loan amount of 2,000 AZN.
"Thank you very much Kiva!"
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.