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Sagif
Sagif is 51 years old. He was married and has two children. His 22-year-old son is studying his fourth course at university and his 18-year-old daughter is studying her third course at music college. All of the family are IDPs (Internally Displaced Persons); their original home was in the city of Khojaly and now they live in the Baku region. Sagif is a master mason; he builds stone walls for houses. He has been in this business for 12 years. Today Sagif needs a 1,200 AZN (Azerbaijan New Manat) loan to buy new materials for his business. He is thankful to Kiva for this help. In the future, he wants to hire an assistant to help support his business.

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

  • $6,171
    Average annual income
  • 46
    View loans »
    Azerbaijan Loans Fundraising
  • $14,162,625
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,550 helped Sagif to buy new materials for his business.
95% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 1, 2014
Listed
Apr 25, 2014
Currency Exchange Loss:
Possible
Ended:
May 17, 2015