Update on AkramAkram is a smart and hardworking man. He is married and now a father of three children. Akram takes his duties as a parent very seriously. For the last 10 years Akram has been growing potatoes and onions as well as raising cattle for sale. His wife and younger brother help him with the farm. Akram is planning to plant winter wheat and he needs to prepare the soil for this crop, so he is planing to buy more fertilizer. Akram also wants to purchase more cattle for his herd. With these goals in mind he has applies for a loan of 12000 somoni from Kiva.
Previous Loan DetailsAkram K. is a 28-year-old married man. He has two kids, both of whom are young at present, but he works extremely hard in order to ensure the best future for them. His wife takes care of their house and watches over their kids. For a living, Akram works as a farmer, and he has done so for six ... More from Akram'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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