Update on MirbagirMirbagir was born in 1979. He is an IDP (Internally Displaced Person) and now lives in the Fuzuli region. He is married and has two sons, who are in fourth and fifth class of school. Mirbagir has been in the retail business for 10 years, and wants to borrow his second loan to improve his business. He needs a loan of 700 AZN (Azerbaijan New Manat) to repair the exterior of his store. It should be noted that he successfully repaid his first loan. Mirbagir says “dear Kiva organization I’m thankful to you for your help”
Previous Loan DetailsMirbagir is an IDP (Internally Displaced Person) and now lives in the Fuzuli region, which is close to the occupied border. He is 34 years old, married, and has 2 sons, a 12-year-old and a 9-year-old. Mirbagir's sons go to school. He wants his sons to go into business. His wife stays at home, so ... More from Mirbagir's previous loan »
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 KomakKomak 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.
Concurrent and Successive Loans
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