Update on NizamiNizami is married and has two children. One of them, his 21-year-old daughter, studies at University. Nizami’s son is studying in his first year of college, and his wife is a housewife. They are Internally Displaced Persons (IDP) from the city of Fuzuli and now live in the Ahmadbayli village of Fuzuli region.
Nizami is a cameraman. He make videos of weddings, birthdays etc. He has been in this business for many years, but now his computer is broken, and he wants to buy a new computer. Therefore, he has applied to Komak company for a loan of 1,500 AZN (Azerbaijan New Manat). This is Nizami’s third loan. Nizami says thanks to Kiva and its lenders for their help.
Previous Loan DetailsNizami A. is 40 years old. He is married and has two children: an 18-year-old daughter who this year will enter university and a 15-year-old son who is a student in school. Nizami is an internally-displace person (IDP); he moved from the city of Fuzuli and now lives in the Fuzuli region. Nizam... More from Nizami's previous loan »
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 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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