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Kanan
Kanan is a 29-year-old man, who is married and the father of two children. He lives in the Baku region with his family, but for over 20 years they have been IDPs (Internally Displaced Persons) from Shusha city. Kanan’s older child is going to secondary school and his younger child goes to kindergarten.

Kanan is a welder. He is engaged in welding iron doors and window frames. Today, he wants to repair his broken apparatus and therefore he has applied to Komak Credit Union for a loan of 1000 AZN. Kanan is thankful to Kiva and all its 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.

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About Azerbaijan

  • $10,800
    Average annual income
  • 26
    View loans »
    Azerbaijan Loans Fundraising
  • $14,289,125
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,300 helped Kanan to pay for repairing his broken apparatus.
95% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 1, 2014
Listed
Apr 23, 2014
Currency Exchange Loss:
Possible
Ended:
May 17, 2015