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Kalib lives in Salyan region Yenikend village.He is married, has 3 children. He has his own food market. He has been engaged in this business for 20 years.
He borrowed the loan amount of $400 to buy the foodstuffs. The borrowed second loan $600 he spent to increase the foodstuffs in his market. The third time he borrowed the loan amount of $900 and bought the manufactured goods
( light industry ).
He applies for the loan of $1850 to be engaged in selling the wholesale trade and retailing the foodstuffs and the manufactured goods
( light industry ).

Additional Information

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
  • 25
    View loans »
    Azerbaijan Loans Fundraising
  • $14,902,725
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,850 helped Kalib expand his business.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Jan 10, 2007
Dec 24, 2006
Currency Exchange Loss:
Jan 10, 2008