Update on IzatoyIzatoi is a hardworking and kind woman. She is married and has three children. Izatoi is an entrepreneur. After her husband became unemployed, she decided to look for work. The children were still small, but they needed an education, and an education requires money. Since then, Izatoi has been selling women's slippers and shoes. With the income she earned, she covered the expenses of her daughter's wedding. Her husband has been sent to do seasonal work in the Russian Federation. Izatoi is requesting a loan to purchase merchandise to expand her business.
Previous Loan DetailsA. Izatoy is a married woman with 3 children. She started her business as the result of economic pressure: her husband's salary was not enough to meet their family expenses. Izatoy began to investigate what work she could do. About 10 years ago, one of her friends recommended that she sell women’s… More from Izatoy'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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