Check out some available loans that are similar to this one!
Nasimi

Update on Nasimi

A 36-year-old man, Nəsimi is a small businessman. He is married and he has a daughter and a son. His daughter is 12 years old and his son 10 years old. His daughter goes to 6th class, and his son goes to 4th class. His daughter, a talented girl, plays the violin beautifully. She wants to continue her musical education and his son want to be a computer engineer. Therefore, in the future, Nəsimi wants to have a larger store, expand his business and wants to earn more money.

Now he has a small store where he sells food products and other necessary products for households. Previously he took a loan from Kiva. Now he wants increase the area of his store. After the help, he will increase the area of his store and start to sell cleaning products.

For this reason he needs 750 AZN. Nasimi is thankful to Komak for the loan. He is confident that this aid will help him to increase his business, earn more money and will ensure a bright future for his children.

Previous Loan Details

Nasimi is married and has two children. He is an IDP (Internally Displaced Person). He is a refugee from Fuzuli city who now lives in the Fuzuli region with his beloved family. Nasimi is 34 years old. He has been working as a grocer for seven years. He started this business with his father. N... More from Nasimi'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.

Tags

About Azerbaijan

  • $10,800
    Average annual income
  • 26
    View loans »
    Azerbaijan Loans Fundraising
  • $14,289,125
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $975 helped Nasimi to increase the area of his small store.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 27, 2013
Listed
Oct 20, 2013
Currency Exchange Loss:
Covered
Ended:
Oct 17, 2014