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Gunel is 24 years old. She has been married for over four years and has two children. They are living in the Absheron region but are internally displaced persons (IDPs) from Khojaly city. Gunel's mother-in-law helps her educate and take care of children. A while ago Gunel and her husband decided to open a new women's dress shop and they have opened the store.

Today Gunel wants to support the family business and for that she needs a loan in amount of 2,300 Azerbaijan new manat. With this amount Gunel wants to buy more clothes for selling in order to develop her business to increase her monthly income.

Gunel wishes the best for her children and she works hard. Gunel says, “Thanks, dear Kiva lenders, for your support. I’m greatly thankful to you.”

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

  • $6,171
    Average annual income
  • 26
    View loans »
    Azerbaijan Loans Fundraising
  • $13,991,525
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $2,950 helped Gunel for buy more clothes for selling.
56% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jul 4, 2014
Jul 19, 2014
Currency Exchange Loss: