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Farid
Farid is 26 years old and lives in Baku region. He is engaged and a single man living with his family including his mother, father, and brother. He is a farmer planting grapes on his land and selling grapes to the local store. Farid wants to buy fertilizer for his grape farmland. He needs a loan of 1500 AZN, which is the reason why he has applied to Kiva organization. He thanks Kiva for helping him. In the future, he wants to marry and have many children. For his business, he dreams to plant other fruits on his land and to open fruit store so he can sell his fruits his own store.

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.

Tags

About Azerbaijan

  • $6,171
    Average annual income
  • 64
    View loans »
    Azerbaijan Loans Fundraising
  • $14,162,625
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD
Expired
A loan of $1,925 helped Farid to buy fertilizer for his grape farmland.
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 11, 2013
Listed
Oct 3, 2013
Currency Exchange Loss:
Covered
Expired:
Nov 2, 2013