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Elcin
Elcin is 49 years old. He is married and has two children. His son is studying in his first year of college and his daughter goes to eleventh grade. Elcin’s wife is a housewife and helps Elcin with his business. Elcin and his family have been IDPs (Internally Displacted Persons) from Füzuli city for 20 years and now they live in Boyuk Bahmanli village in the Füzuli region.

Elcin has cows. He sells their milk and milk products (yogurt, cheese, etc.), which he and his wife make. Now Elcin wants to repair the roof of his stall. Therefore, he needs a loan of 1,800 AZN (Azerbaijan New Manat). Elcin is thankful for the help from Kiva and Kiva's lenders. In the future, to increase his business, Elcin wants to buy more cows.

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
  • 26
    View loans »
    Azerbaijan Loans Fundraising
  • $13,991,525
    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 Elcin to repair the roof of his stall.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 7, 2014
Listed
Jan 23, 2014
Currency Exchange Loss:
Covered
Ended:
Dec 17, 2014