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Solmaz
Solmaz was born in 1951. She is is Internally Displaced Person (IDP) from the Armenian-ocupied territory of Azerbaijan Fizuli region, settled in Khirdalan settlement, married, has 3 children.
Having borrowed a loan amount of $400, she had bought medicinal preparations and started her business.
This medicine-chest has been provided with the medicinal preparations by firm.
In the beginning of her business she could not buy the medicinal preparations for cash from firm.
For the second time she borrowed a loan amount of $800 and bought a lot of medicinal preparations for cash.
For the third time she borrowed a loan of $1000 and bought all medicinal preparations for cash.
Now she needs a loan amount of $1200 to privatize this medicine chest .
She has been engaged in this business for 20 years.

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
  • 27
    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 $1,200 helped Solmaz to privatize a medicine chest.
100% repaid
Repayment Term
16 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jan 28, 2007
Listed
Jan 11, 2007
Currency Exchange Loss:
N/A
Ended:
Mar 28, 2008