Update on AdilThis is Adil's second loan, as he repaid his first loan in full and without any delays. He's very grateful to Kiva and Kiva lenders for all the help.
Adil is married and has two sons. He lives in Absheron region with his lovely wife and children. Adil is 41 years old, and he's been engaged in farming business for 8 years. He's requesting a loan of 2000 AZN to purchase fertilizer for his land to improve his harvest and thus develop his business.
Adil jenat i imeyet 2 sinovey. Adil projivayet v Absheron regione vmeste so svoyey lubimoy jenoy i detmi. On uje 8 let kak zanimayetsya selskim xozaystvom. Adil 41 qod. On seychas nujdayetsya v 2000 AZN chtobi kupit udobreniya dlya oplodotvoreniya pochvi chtobi poluchit ludshiy urojay i tem samim razvit svoy bizness.
Previous Loan DetailsAdil A., born in 1971, is married and has two children. He and his family live in the Absheron region, where he has been farming for six years. He is now requesting a loan of 2000 AZN to buy fertilizers and seeds to improve his business. More from Adil'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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