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Sakhavat
Sakhavat has a small store where he sells spare parts. He is a very kind, friendly and hard working person. He has had his businessfor 13 years ago and it allows him to support to his family.He is 39 years old. Sakhavat is Internally Displaced Person ( IDP ) from the Armenian-ocupied territory of Azerbaijan Kalbajar. He and his 3 children sttled in the Khirdalan town. He borrowed $500 from Komak Credit Union and spent this loan amount to buy the spare parts .
He applies for a loan amount of $1000 to buy the spare parts and to expand his business area.. He is very optimistic about the future of his 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
  • 25
    View loans »
    Azerbaijan Loans Fundraising
  • $14,260,675
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Sakhavat to expand his business.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jan 4, 2007
Listed
Dec 16, 2006
Currency Exchange Loss:
N/A
Ended:
Jan 5, 2008