Update on AbdunabiAbdunabi is a hard-working and honest man. He is married and has two children. For more than ten years, he has had a business. He sells blankets, bedsheets, towels, and other linens. He inherited this business from his parents. His wife helps him with his business. Abdunabi travels to China to acquire inventory. He has borrowed from Imon International more than 15 times, and has become a successful businessman. Now he would like a loan to expand his selection of goods. He is grateful in advance to Kiva lenders and IMON, for their help and kindness.
Previous Loan DetailsR. Abdunabi is 28 years-old and a married father of two children. Abdunabi owns a shop in which he sells blankets and counterpane (bedspreads), a business he has been running for the last six years. The income he earns allows him to feed his family. To meet his customers constantly growing demand... More from Abdunabi's previous loan »
About IMON InternationalIMON International (IMON) is a micro-deposit organization in Tajikistan that provides entrepreneurs with access to high quality financial products and services, including business loans, agriculture loans, consumer loans and micro-leases. Aiming to alleviate poverty, the organization helps unbanked individuals establish businesses in different sectors, including manufacturing, agriculture and service. Kiva lenders’ funds will help the organization to expand its outreach to even more entrepreneurs, farmers and traders in Tajikistan.
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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Success!! The loan was 100% repaid