Update on AbdurafiAbdurafi is a hardworking and conscientious family man with four children. For more than 15 years he has been in business buying and selling dried apricots. He is a sole proprietor. In the summertime he also buys an orchard of apricot trees and processes the fruit. Abdurafi hopes to improve his family's living conditions and needs to expand his business to do so. With this goal in mind he has requested a loan to purchase dried apricots, to increase his working assets.
Previous Loan DetailsAbdurafi is 41 years old. He is married with 4 children. Abdurafi sells dried fruits in the central local market. He has been in this business for 10 years. The dried fruits are very popular in Tajikistan. Any hostess has dried fruits in store for serving in case there are guests in the house.… More from Abdurafi'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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