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Nadir
Nadir is a 42-year-old man. He has a lovely family and two sons. His wife is a housewife and helps Nadir in this business. Nadir’s elder son is 16 years old and goes to 10th class. His little son is 14 years old and goes to ninth class. His family is an IDP (Internally Displaced Persons) family from Fuzuli city, and now lives in Mahmudlu village of Fuzuli.

Nadir has been in an animal-breeding business for six years. He has more calves, and Nadir makes dairy products such as cheese, yogurt, etc., from the milk. He then sells those products at a local bazaar for earning money. Today, he wants to increase his business and is requesting a loan in the amount of 2,000 AZN (Azerbaijan New Manat) to repair the roof of the stall. Nadir is thankful to the Kiva organization for the 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

  • $6,171
    Average annual income
  • 11
    View loans »
    Azerbaijan Loans Fundraising
  • $13,933,925
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD
Expired
A loan of $2,575 helped Nadir to repair the roof of the stall.
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 15, 2014
Listed
Jan 31, 2014
Currency Exchange Loss:
Covered
Expired:
Mar 2, 2014