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Sarvan
Sarvan is 39 years old, married for 14 years, and has two children. His son is 12 years old and in year 5, his daughter is 10 and in year 3 at school. Sarvan’s wife is a seller in the local market. His family is IDP (Internally Displaced Persons) from Fuzuli city and now living in Baku region.

Sarvan has a “chayxana”, which is translated into English as a tea house. In this picture, Sarvan serves tea to a customer. Today Sarvan needs a loan in the amount of 1,800 AZN (Azerbaijan New Manat) to repair the kitchen of his chayxana. Sarvan is thankful to Komak and Kiva organizations for help. In the future, he wants to increase the area of his chayxana and monthly income.

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

  • $10,800
    Average annual income
  • 21
    View loans »
    Azerbaijan Loans Fundraising
  • $14,289,125
    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 Sarvan to repair the kitchen of his tea house.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 8, 2013
Listed
Nov 29, 2013
Currency Exchange Loss:
Covered
Ended:
Oct 17, 2014