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Matanat
Matanat is a mother of 2 children. She lives in the city of Baku. She started this business 5 years ago after the death of her husband. She is grateful that the first loan she obtained from Kiva helped her. However, she now needs 2000 AZN in order to buy products for resale. This store has a small number of new products, and Matanat wants to expand her store. In the future, she wants her daughters, who are 10 and 16 years old, to go to a universities because, according to her own words, since no one knows what would happen tomorrow, they should have an education.
View original language description ↓
Matanat mat 2 detey. Ona jivet v qorode Baku. Ona nachala etot bizness 5 let nazad koqda posle toqo kak umer yeyo muj. Za pervuyu summu kotoruyu videlilo yey Kiva ona ochen blaqodarna chto oni pomoqli yey.

No teper ona nujdayetya v 2000 AZN chtobi kupit produkti dlya pereprodaji.V etom maqazine malo novix tovarov ona xochet razvit svoy maqazin. Na budusheye ona xotelabi chtobi yeyo docheri kototim 10 i 16 let postupili v universiteti ,potomuchto po yeyo slovam ved nikto neznayet chto sluchitsya zavtro pust u nix budet kakaya nibud professiya.

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

  • $6,171
    Average annual income
  • 48
    View loans »
    Azerbaijan Loans Fundraising
  • $14,162,625
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,500 helped Matanat purchase of food products.
100% repaid
Repayment Term
19 months (Additional Information)
Repayment Schedule
Irregularly
Disbursed:
Jul 28, 2010
Listed
Jul 3, 2010
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2012