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Bahadur

Update on Bahadur

Bahadur is 51 years old. He is an Internally Displaced Person from the Lachin Region, now living in the Baku Region together with his beloved and close-knit family. Bahadur is married and has four children. This is Bahadur’s second loan; the first two loans were repaid successfully, without delays. He is very grateful to lenders and to Kiva for the loans he had obtained. At present he needs 2000 AZN in order to buy the necessary work tools for his business.
View original language description ↓
Bahadur 51 god. On yavlyayetsya IDP personom pereselenec iz Lachin regiona , seychas projivayet v Baku regione vmeste so sovyey lubimoy i ochen drujelubnoy semyoy. Bahadur jenat i imeyet 4 detey.

Eto uje tretaya ssuda Bahadura perviye 2 ssudi on oplatil udachno i bez zaderjok. On ochen blagodaren Lenderam i Kive za ssudi kotoriye bili predostavleni yemu. Seychas on nujdayetsya v 2000 AZN chtobi kupit nujniye instrumenti dlya svoyego biznessa.

Previous Loan Details

Bahadur H. is applying for his second loan from Kiva. Previously he made window grilles, but now he makes fire furnaces, which work with gas and wood. He needs a loan of 2000 AZN to buy the necessary materials for making the furnace and improving his business. "HAPPY CHRISTMAS!" More from Bahadur's previous loan »

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.

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

  • $6,171
    Average annual income
  • 21
    View loans »
    Azerbaijan Loans Fundraising
  • $14,050,875
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,550 helped Bahadur to buy necessary work tools.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Oct 26, 2011
Listed
Nov 15, 2011
Currency Exchange Loss:
Covered
Ended:
May 17, 2013