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Ali
Ali is a 49-year-old man. He has a lovely family with two daughters and a son, who is to help Ali on his business. His wife is a housewife. Ali’s elder daughter is 20 years old and his younger daughter is 18 years old and goes to tenth class. His family is an IDP (Internally displaced Persons) from Fuzuli city and now live in Kurmahmudlu village of the Fuzuli region.

Ali is in the animal breeding business. He buys calves, raises them and then sells them at the bazaar to earn money. Today he wants to increase his business and is requesting a loan in the amount of 1900 AZN (Azerbaijan New Manat) to buy little calves. Ali is thankful to the Kiva organization for 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
  • 18
    View loans »
    Azerbaijan Loans Fundraising
  • $13,949,600
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $2,425 helped Ali to buy little calves.
91% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 19, 2014
Listed
Mar 9, 2014
Currency Exchange Loss:
Possible