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Allahverdi
Allahverdi has been engaged in this business for 5 years. He has his own machine-shop.
He works with his brother. This young man is Allahverdi apprentice.
He is single, Internally Displaced Person (IDP) from the Armenian-ocupied territory of Azerbaijan Fizuli region Behmenli village, settled on front line in Fizuli region Boyuk Behmenli village.
Having borrowed a loan of $400 he bought welding apparatus.
Now they needs a loan of $800 to buy equipmens for repairing cars.

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
  • 14
    View loans »
    Azerbaijan Loans Fundraising
  • $13,995,725
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $800 helped Allahverdi to buy equipmens.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Mar 1, 2007
Listed
Feb 12, 2007
Currency Exchange Loss:
N/A
Ended:
May 1, 2008