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Rakhim
Rakhim is 23 years old, married and has a child, a 1-year old son. His wife stays at home, so he is the only one making an income. Rakhim has been an IDP (Internally Displaced Person) from Fuzuli city. Now he lives in Fuzuli region, with his family, which is close to the occupied border. This is Rakhim's first loan from Kiva. He has been in the food and detergent selling business for a years. Now he needs a 2,000 AZN (Azerbaijan New Manat) loan to buy shampoo, soap, powder, butter, tea, rice, and flour, etc. Rakhim wants to use the money from his new business to help his family to raise his son. In the future, he wants to have big shop to sell food and detergent products. This will be more profitable for his business. Rakhim 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

  • $10,800
    Average annual income
  • 17
    View loans »
    Azerbaijan Loans Fundraising
  • $14,239,475
    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 Rakhim to buy products to sell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 5, 2013
Listed
Mar 27, 2013
Currency Exchange Loss:
Covered
Ended:
Apr 16, 2014