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İbrahim
Ibrahim, 28, is single and lives with his parents and sister. His mother has been sick for a long time and his sister cares for her. Ibrahim’s father is a bus driver.

Ibrahim rents a small store where he sells various vegetables and fruits such as tomatoes, cucumbers, potatoes, onions, and apples. He has been in this business for 3 years. Now İbrahim plans to buy seasonal fruits and vegetables and is requesting a loan of 1,650 AZN. Ibrahim is thankful for the help.

He is confident that this loan will help increase his business and earn more money. In the future, he wants to repair his store. İbrahim would also like to get married and have children.

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
  • $14,215,400
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,125 helped İbrahim to buy seasonal fruits and vegetables to sell in his store.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 11, 2013
Listed
Nov 30, 2013
Currency Exchange Loss:
Covered
Ended:
Mar 17, 2015