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Xasay
Xasay is a farmer and he is 33 years old. He is an IDP (internally displaced person) from Füzuli city and now lives in Bahmanli village of Füzuli region. He was married for 11 years. He has a daughter. She is 9 years old and is in third class at school.

Xasay has been raising cattle, like cow and buffalo, for 6 years. He buys young cattle, raises them, and resells them in the local bazaar. He wants to buy more cattle for his farm. For this reason he need 1400 AZN, and by this aid he develops his business. Therefore, he has applied to Kiva organization for a loan. He is thankful to Kiva for help. In the future he wishes to develop his industry, increase his income, and to give his daughter a good education.

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
  • 21
    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 $1,800 helped Xasay to buy more cattle.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Sep 26, 2013
Listed
Oct 21, 2013
Currency Exchange Loss:
Covered
Ended:
Oct 17, 2014