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Farhad is a 27-year-old master craftsman. He is married and has a child aged three. Farhad is an IDP (Internally Displaced Persons) from Lachin city and now he is living in Baku region with his lovely wife and a child. His wife doesn't work in the business, therefore all the needs of the family are provided by Farhad and he wants to increase his business.

It’s noted that he is a master craftsman and that he builds stone walls. He has been in this business for 2 years. Today Farhad needs a loan of an amount of 1,000 AZN (Azerbaijan New Manat) to buy new materials to support his new business. He is thankful to the Kiva organization and all lenders for their help. In the future Farhad wants to hire an assistant for 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.


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 $1,275 helped Farhad to buy new materials to support his new business.
94% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
May 2, 2014
May 25, 2014
Currency Exchange Loss:
Jun 17, 2015