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Davud
Davud is 55 years old, married and has four children, a 23-year-old and 22-year-old daughter and a 20-year-old and 19-year-old son. His daughters are married and his sons go to college. Davud wants his sons to go into the products selling business, too. His wife stays at home, so he is the only one making an income.

Davud has been an IDP (Internally Displaced Person) from Fuzuli city. Now he lives in the Fuzuli region, which is close to the occupied border. This is Davud's second loan from Kiva. He started his business five years ago to sell food products in a store. Now he needs a 2,000 AZN (Azerbaijan New Manat) loan to buy sausages, eggs, butter, flour and etc. He wants to use the money from his new stock to help his family. In the future, he wants to repair and extend the store. This will be more profitable for his business. Davud 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
  • 26
    View loans »
    Azerbaijan Loans Fundraising
  • $14,289,125
    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 Davud to buy products like sausages, eggs, butter, flour, etc.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 5, 2013
Listed
Mar 29, 2013
Currency Exchange Loss:
Covered
Ended:
Apr 16, 2014