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Rashid
Rashid is married and has 3 children. Rashid is a 35-year-old IDP (internally displaced person) who now lives in a Baku region IDP settlement with his wife and two children. He is a farmer and has grown seasonal vegetables for the last year. He chose this business because it is profitable and fresh crops are in high demand. People use fresh vegetables everyday and consider them healthy. Rashid sells his crop from his garden. His wife actively helps him to raise the crops.

As these products are in high demand, Rashid wants to expand his business and produce more vegetables to cover market demand. For this purpose he applied for a loan of 2000 AZN. With it, he will buy new garden tools, seeds and fertilizers.

This is Rashid's second loan. He is very thankful to Kiva and the lenders for helping him. Rashid changed his business and now he needs Kiva's help for improving his new business.

Additional Information

More information about this loan

This loan supports Komak clients who are designated as Internally Displaced Persons (IDPs) in Azerbaijan. An internally displaced person (IDP) is someone who has been forced to flee his or her home due to armed conflict, violence, human rights violations, or natural or manmade disasters, but who, unlike a refugee, has not crossed an international border. Azerbaijan is home to over 600,000 IDPs, who face limited access to employment adequate housing, water and electricity. Many of these people have also failed to qualify for loans through formal channels due to low income and lack of collateral. Komak has been working to support IDPs since 1999. By funding this loan, you are creating opportunities in extremely underserved communities.

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
  • 47
    View loans »
    Azerbaijan Loans Fundraising
  • $14,143,375
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,550 helped Rashid to buy new garden tools, seeds, and fertilizers.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 8, 2012
Listed
Oct 25, 2012
Currency Exchange Loss:
Covered
Ended:
Nov 17, 2013