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Ramish

Update on Ramish

Ramish is 34 years old, married and has two children, a 4-year-old daughter and a 6-year-old son. His daughter goes to preschool and his son goes to school. He wants his daughter to become a teacher and his son to go into business. His wife stays at home, so he is the only one making an income.

Ramish has been an IDP (Internally Displaced Person) from Fuzuli city. Now he lives in Fuzuli region which is close to the occupied border.

This is Ramish's second loan from Kiva. He started his new business eight months ago to sell vegetables and fruits, but he still raises cattle to provide milk for his family. Now he needs a 2000 AZN (Azerbaijan New Manat) loan to buy potatoes, apples and onions to sell at local bazaars, markets and deliver by car.

He wants to use the money from his new business to help his family. In the future he wants to have his own store in the bazaar and use his car to transport purchased vegetables and fruits. This will be more profitable for his business.

He is thankful to Komak and Kiva for supporting him again.

Previous Loan Details

Ramish was born in 1978. He is an internally displaced person and has been relocated from the town Fuzili and now lives in the Fuzili region together with his friendly family. He is married and has two children. It has been eight years now since Ramish has been doing animal husbandry and breeding… More from Ramish's previous loan »

Additional Information

More information about this loan

This loan supports Komak clients who are designated as Internally Displaced Persons (IDPs) in Azerbaijan. An internally displaced person (IDP) is someone who has been forced to flee his or her home due to armed conflict, violence, human rights violations, or natural or manmade disasters, but who, unlike a refugee, has not crossed an international border. Azerbaijan is home to over 600,000 IDPs, who face limited access to employment adequate housing, water and electricity. Many of these people have also failed to qualify for loans through formal channels due to low income and lack of collateral. Komak has been working to support IDPs since 1999. By funding this loan, you are creating opportunities in extremely underserved communities.

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
  • 11
    View loans »
    Azerbaijan Loans Fundraising
  • $13,933,925
    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 Ramish to buy potatoes, apples and onions to sell at local bazaars.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 22, 2013
Listed
Mar 16, 2013
Currency Exchange Loss:
Covered
Ended:
Mar 17, 2014