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Xayyam
H. Xayyam is an Internally Displaced Person (IDP) from the Azerbaijan- Armenian conflict territory in the Jebrayil region, situated in the western part of Azerbaijan. He settled with his family in Sumgayit city. He is 40 years old. He is married and has 2 children. Xayyam is the only breadwinner in his family.


After borrowing $500 in 2004 from Normicro, he rented a shop. He borrowed a second loan of $800 and built the grocery store. The loans were paid back on time. With his third loan of $900, he expanded the area of the shop and increased the food assortments.


Now, he needs $1,400 to expand his business, open a vegetable section, and buy digital scales. He will borrow $200 of this loan from Normicro and the other $1,200 from KIVA. He hopes eventually to expand his business. He will repay his loan on a monthly basis.

About Azerbaijan

  • $6,171
    Average annual income
  • 23
    View loans »
    Azerbaijan Loans Fundraising
  • $14,072,050
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Xayyam to expand his business, open a vegetable section, and buy digital scales.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Dec 24, 2007
Listed
Dec 9, 2007
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2009