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Xayyam
Xayyam is a married man and has a child. He and his wife have been married for ten years. His child is six years old, and this year he will start to school. The family is living in the Fuzuli region. For 20 years now, Xayyam’s family has been an Internally Displaced Peoples from their native land. To earn a living, Xayyam is a taxi driver. Specifically, he transports passengers between Baku and Fuzuli.

Now he is seeking to expand his business. As a result, he is applying for a loan in amount of 500 AZN- Azerbaijan New Manat to pay for repairs on his car. In the future, he would like to paint his car. Xayyam is thankful to Kiva organization for their support.

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
  • 23
    View loans »
    Azerbaijan Loans Fundraising
  • $14,050,875
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Xayyam to pay for repairs on his car.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 12, 2014
Listed
Apr 6, 2014
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2015