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He started his business as a taxi driver. In spite of the fact that he is taxi driver he is interested in the sale of genuine leather goods. He borrowed the loan $300 in order to repair his car. Then he decided to apply for a loan $600 in order to start his new business. In the beginning his business he drove some small retail trade. He has been engaged in this business for 10 years. He likes both businesses and he can not leave one of these businesses. He borrowed the loan amount of $1000 for the extensive repairs of his car.
He needs $1800 to change the car with the lorry in order to transport of the genuine leather goods from the regions and to improve the sale of the genuine leather goods. Elman is married, has 3 children. This 59-year-old businessmen is Internally Displaced Person ( IDP ) from the Armenian-ocupied territory of Azerbaijan Agdam. He and his family settled in the building of Sevinj nursery school in Khirdalan town.

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
  • 31
    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 $1,800 helped Elman to buy the lorry.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jan 29, 2007
Dec 29, 2006
Currency Exchange Loss:
Jan 28, 2008