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Elgun
Elgun is 26 years old, single and lives with his parents. His mother, Shamama, is a teacher. Elguns's father, Ismayil, doesn’t work at an income-generating business. He helps Elgun in his business. They have been IDP (Internally Displaced Persons) from Füzuli city for 20 years. Today they are living in a hostel in the Yasamal settlement of Abseron region. Elgun rents a shop where he sells vegetables and fruits like potatoes, onions, cucumbers, apple, bananas and other vegetables and fruits. For over six years, he has been at this business. Now Elgun is planning to increase his business. He needs 1,800 AZN (Azerbaijan New Manat) to buy more fruits and vegetables. He thanks Komak and Kiva organization for a loan and aid. In the future, he wants to buy a store to increase his monthly income and he wants to get marries and have a big family.

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
  • 23
    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 $2,300 helped Elgun to buy more fruits and vegetables.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 30, 2013
Listed
Nov 17, 2013
Currency Exchange Loss:
Covered
Ended:
Sep 17, 2014