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İbrahim
İbrahim is married. He is 26 years old and lives with his wife in the Baku region. His wife is pregnant and soon his child will be born. Ibrahim wants to provide a better future for his child, therefore he wants to increase his monthly income. Ibrahim rents a salon and for three years he has been in the barber business.
Today he needs a loan amount of 1500 AZN (Azerbaijan New Manat) to change the doors and windows of his salon. He hopes that the view of the salon will be better and through this he will increase the number of clients. Ibrahim is thankful to Komak and Kiva for the aid. In the future he wants to give a good education to his child.

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
  • 32
    View loans »
    Azerbaijan Loans Fundraising
  • $14,042,275
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,925 helped İbrahim to change the doors and windows of his salon.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 11, 2013
Listed
Nov 30, 2013
Currency Exchange Loss:
Covered
Ended:
Oct 17, 2014