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Ali
This shop is his own. In the beginning of his business he borrowed a loan amount of $400 to begin of light industrial wares: shoes, socks. Then he decided to increase the range of goods.
He applied for a loan of $800 o start sale of children’s clothes and other wares.
He has a lot of clients. His shop is a small.
Now he needs a loan of $1200 o expand the area of his own shop.
He is 42, married, has 4 children, Internally Displaced Person ( IDP ) from the Armenian-occupied territory of Azerbaijan Kalbadjar region, settled in Khirdalan region Masazir village.
He has been engaged in this business for 9 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
  • 22
    View loans »
    Azerbaijan Loans Fundraising
  • $14,255,775
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Ali to expand the area of his own shop.
100% repaid
Repayment Term
16 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Feb 18, 2007
Listed
Jan 17, 2007
Currency Exchange Loss:
N/A
Ended:
Apr 19, 2008