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Alamdar
Alamdar is 49 years old, married and has four children: two sons and two daughters. His daughters go to school. His sons go to sport and music. He wants his daughters to become teachers. His wife stays at home, so he is the only one making an income.

Alamdar is an IDP (internally displaced person) from Kalbadjar. Now he lives in the Absheron region with his family. He started his business five years ago to makes marble for cemeteries. Now Alamdar needs a 2,000 AZN (Azerbaijan New Manat) loan to buy new equipment for cutting marble. He wants to use the money from his expanded business to help his family. In the future, Alamdar wants to repair and increase the size of his workshop. This will be more profitable for his business. Alamdar 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
  • 22
    View loans »
    Azerbaijan Loans Fundraising
  • $14,050,875
    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 Alamdar to buy new equipment for cutting marble for cemeteries.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 22, 2013
Listed
May 30, 2013
Currency Exchange Loss:
Covered
Ended:
Apr 16, 2014