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Gulbala
Gulbala is 35 years old. He is married with one child. They are IDPs (Internally Displaced Persons) from Füzuli city. Now Gulbala lives in Seyidehmedli village in the Fuzuli region. His wife is a house wife and Gulbala is a market seller. He sells vegetables like potatoes, onions, and cucumbers at the local market.

Gulbala has spent over 9 years working in the local market. Today he plans to increase his business, but currently he sells only vegetables. He needs 1,000 AZN to buy fruits for his local shop to increase his monthly income. In this way he will sell more products and earn more money. In the future he wants to have a car and improve his shop.

He thanks Komak and Kiva for the loan and for helping him increase his business.

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
  • 26
    View loans »
    Azerbaijan Loans Fundraising
  • $14,057,125
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,275 helped Gulbala to buy fruits.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 27, 2013
Listed
Oct 18, 2013
Currency Exchange Loss:
Covered
Ended:
Oct 17, 2014