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Update on Afag

Afag is 45 years old. She is married with three children. Her elder child is 23 years old, who is study at University. Other child 20 years old, who is study at first course of college and another is going to eleventh class. Afag has been in tailor business for long years, she sew skirt, blouse, and other woman dress, also to sew curtain. She receive order from her periodically customer, prepares orders. Today she is planning to increase her working capital to buy new materials. For this reason she is requesting for a loan in amount of 2300 AZN (Azerbaijan New Manat). This is her third loan. Previously she took two loans from Kiva and all of her paid was is time. She says thankful to Kiva organization for a loan. In the future she wants to open a curtain store.

Previous Loan Details

Afag is married and has three children. She lives in the Baku region together with her husband and children. She is 43 years old. Afag has been involved in the sewing business for 13 years. This is her second loan, and Afag is very grateful to Kiva and the lenders for it. She previously borr... More from Afag's previous loan »

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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.


About Azerbaijan

  • $10,800
    Average annual income
  • 28
    View loans »
    Azerbaijan Loans Fundraising
  • $14,868,900
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,950 helped Afag to buy new materials.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jan 15, 2014
Feb 7, 2014
Currency Exchange Loss:
Feb 17, 2015