Haji Nahim Nor


Status: Paid Back

$1,025.00   Loan Request
$1,025.00   Paid Back

About the Entrepreneur

Name: Haji Nahim Nor
Location: Kabul, Afghanistan
Activity: Metal Shop

About the Loan

Loan Amount: $1,025.00
Loan Use: To complete his stock
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jan 12, 2008
Date Disbursed: Jan 26, 2008
Date Funded:Jan 12, 2008
Loan Ended:Feb 15, 2009

About the Country

Country:Afghanistan
Avg Annual Income:$1,490.00
Currency:Afghanistan Afghanis (AFN)
Exchange Rate:49.5376 AFN = 1 USD



Haji Nahim lives in district 8 of Kabul, Afghanistan. He is married with 2 sons, both married. He lives with his wife. He has a metal shop and has good experience. He has been involved in this business for more than 20 years and has lots of customers. He needs to expand his business so he requested an individual loan to complete his stock and make a good income to help both his wife and himself. He is happy with this loan process in Afghanistan.

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Journal entries for Haji Nahim Nor


Loan has been disbursed
 
Entrepreneur: Haji Nahim Nor
Location: Kabul, Afghanistan

Thank you for your loan. It has been disbursed to Haji Nahim Nor by Ariana Financial Services - Mercy Corps in Afghanistan. We are excited to watch this business grow. Over the next 12 months, Ariana Financial Services - Mercy Corps will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by Tawfeq Khurush from Kabul, Afghanistan
Jan 12, 2008
Comments (3)

Loan helped him make an urgent business payment
 
Entrepreneur: Haji Nahim Nor
Location: Kabul, Afghanistan

Like another metal shop we visited the other day, Haji Nayeem’s old metal buy and sell business is going splendidly well. Haji is 60 and father of five children. He received 50,000 Afghani ($1,000) Kiva loan. He reported he's paid 8 timely full installments.

The Haji has a large business with a personal investment of $10,000. He stated that the loan money was a “small” amount compared to his much bigger business. He used the loan money mainly for making an urgent business payment at a point he did not have cash in hand. He had heard about Ariana Financial Services through a radio ad. He received the funds in two days after his loan application.

The entrepreneur has four similar shops, three of them side by side, and his business is going very well. He has 6 workers who walk around in the area in search of old metal scraps including, metal debris from demolished houses, empty soda cans from the restaurants, and bronze and aluminum wires and pieces. All his transactions are in cash. Larger companies then pick up these supplies and export them to Pakistan.

Haji’s 3 young sons work in Moscow and they too send him (for the family) money periodically.


Posted by Javed Rezayee from Kabul, Afghanistan
Jun 23, 2008
Comments (2)

Kiva Help Repayment Schedule for Haji Nahim Nor

  Expected Repayments Actual Repayments Comments
April 2008 $85.42 $86.00 Repayment Received
May 2008 $85.42 $86.00 Repayment Received
June 2008 $85.42 $86.00 Repayment Received
July 2008 $85.42 $86.00 Repayment Received
August 2008 $85.42 $86.00 Repayment Received
September 2008 $85.42 $86.00 Repayment Received
October 2008 $85.42 $86.00 Repayment Received
November 2008 $85.42 $86.00 Repayment Received
December 2008 $85.42 $86.00 Repayment Received
January 2009 $85.42 $80.17 Repayment Received
February 2009 $85.42 $85.42 Repayment Received
March 2009 $85.38 $85.41 Repayment Received