Update on MaisMais is 34 years old. He is married and has three children. Mais lives in the Absheron region together with his beloved wife and children. He has been manufacturing plastic doors and windows for eleven years. Right now Mais needs 2,000 AZN to buy necessary spare parts and tools to repair equipment which he uses to make plastic doors and windows. This is Mais' second loan and he has successfully repaid the first loan which has really helped him in growth of his business. Mais is very grateful to Kiva and lenders for the loan.
Previous Loan DetailsMais has been in the business of making plastic windows for 10 years. He was born in 1977, is married and has 3 children. The family lives in the Absheron region. His grandfather made wooden windows and doors, but Mais makes them in plastic. He needs a loan of 2000 AZN to buy the necessary equipm... More from Mais's previous loan »
About KomakKomak 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.
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Success!! The loan was 100% repaid