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Zohrab
Zohrab is 52 years old, married and has three children, a 15- and an 18-year-old daughter, and a 21-year-old son. His daughters go to school and his son helps his father at work. He wants his daughters to become doctors and his son to be an electrician. His wife stays at home, so he is the only one making an income.

Zohrab has been an IDP (Internally Displaced Person) from Fuzuli city. Now he lives in the Fuzuli region, which is close to the occupied border. He started his business 10 years ago to be an electrician. Now he needs a 2000 AZN (Azerbaijan New Manat) loan to buy new apparatus and instruments. His instruments are so old, and if he buys a new apparatus and instruments, he will do his work quickly and better, and he can to do more work. This will be more profitable for his business. He wants to use the money from his business to help his family. In the future, he wants to teach how to be an electrician to his own apprentices. He is thankful to Komak and Kiva for supporting him.

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
  • 18
    View loans »
    Azerbaijan Loans Fundraising
  • $13,949,625
    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 Zohrab to buy new apparatus and instruments.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 5, 2013
Listed
Mar 18, 2013
Currency Exchange Loss:
Covered
Ended:
Apr 16, 2014