Check out some available loans that are similar to this one!
Azad
Azad is 50 years old, married with two children. One of them is 27 years old. He is married. Another child is engaged and in this year wants to get married. Azad’s wife is a housewife and helps Azad in his business.

Azad is a cook. He makes national candies: “Samani Halvasi”. This is hard and time-consuming work. However Azad loves his job. It’s noted that he makes “Samani Halvasi” then he sells this product to local markets and stores.

Today Azad needs a loan in the amount of 2300 AZN (Azerbaijan New Manat). With this loan he wants to buy a new gas stove. Azad says he is thankful to Kiva organization and lenders for their help.

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 $2,950 helped Azad to buy a new gas stove.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 10, 2014
Listed
Jan 27, 2014
Currency Exchange Loss:
Covered
Ended:
Feb 17, 2015