Update on OrozbekOrozbek's first Kiva loan helped him to purchase cattle. Today he has a farm with two cows, two sheep, ten goats and one horse, which allows him to earn about 8,000 KGS a month. Now Orozbek plans to broaden his business activities by purchasing pedigreed calves, and for this reason he is applying for his second Kiva loan of 35,000 KGS.
Previous Loan DetailsOrozbek J. is a 58-year-old farmer who lives in Kulanak village. He is married and has six children. Orozbek worked as a foreman at the local pump plant for twenty years and now receives a pension. In order to find additional means of subsistence, he decided to develop his farm that has been main... More from Orozbek's previous loan »
About Bai Tushum Bank CJSCBai Tushum Bank CJSC is a microfinance bank in Kyrgyzstan offering clients a range of products including loans for business development, trade, production, leasing, mortgage, consumption and more. Its portfolio is mostly comprised of group loans that cater to the broadest population of clients. Kiva lenders’ funds help the bank expand its services in remote areas to impact even more vulnerable communities in Kyrgyzstan.
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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