Update on GalibThis is Galib's second loan. He is thankful to Komak and Kiva for supporting him again.
Galib is an IDP (Internally Displaced Person). He now lives in the Fuzuli region, Bala-Bahmanli which is close to the occupied border. Galib is 36 years old, married, and has two children, a 6-year-old son and a new born daughter. His son goes to school and wants to play sports. His wife stays at home, so he is the only one earning an income. He started his agriculture business 6 years ago.
Now Galib needs a 2,000 AZN loan to increase and repair the stall for his cows. He wants to use the money from his expanded business to help his family. In the future, Galib wants to have more cows at his farm. This will be more profitable for his business.
Previous Loan DetailsGalib is an IDP (Internally Displaced Person). He is a refugee from Fuzuli city, and now he and his family live in the Fuzuli region. He is married and has one child. Galib E. is 33 years old. He used to work as a salesman in a store, but then he decided to change businesses. He has been work... More from Galib'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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