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Magsad
Maqsad has been married for 25 years. He is 51-years-old. He has changed his business and now he is a taxi driver. His family lives in Mahmudlu village of Fuzuli region. For the last 20 years, Maqsad and his family have been IDPs (Internally Displaced Persons) from their native land in Fuzuli city. Maqsad’s wife is a housewife. His four daughters are married. Fikrat’s eldest son got married this year and works as a vendor at the market. His youngest son studies one course.

He has applied to Kiva partner Komak for a loan. Winter is coming and he needs 650 AZN in order to buy new wheels and an anti-crash chain. It will be his second loan from Kiva and he is thankful to Komak and Kiva for the loans. He wants to build a new house in the future.

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
  • 28
    View loans »
    Azerbaijan Loans Fundraising
  • $14,045,550
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Magsad to buy a new wheel, and an anti-crash chain.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 27, 2013
Listed
Nov 1, 2013
Currency Exchange Loss:
Covered
Ended:
Jun 17, 2014