Update on KhudoikulKhudoikul is one of those people who is described as having "golden hands." He makes different items out of wood, including traditional cradles. Despite the fact that the job is tiring and requires a lot of patience, Khudoikul has a lot of optimism. His trade provides him with moral satisfaction. Every time he builds a new cradle he takes into account the quality, longevity, and beauty of the design and of course its ease of use. Since his fantasy knows no bounds he would like to take out a loan in order to translate his ideas into reality. These resources will go toward creating new wood masterpieces that are so necessary for the home and for childcare.
Previous Loan DetailsKhudoikul T. is 54 years old, married and has four children of school age. Khudoikul crafts Tajikistan’s traditional cradles. The cradles in Tajikistan are very colorful and made of wood. As a rule, this traditional cradle is presented by the grandparents when the baby is forty days old, and this... More from Khudoikul'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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