Update on MahmudMahmud has had his business for more than 15 years. He sells men's shoes. His skills help him to develop the business. Mahmud brings goods from China. He has a wide assortment and many customers. He has a lovely wife and 3 children. Mahmud’s son helps him with the business. Mahmud wants to open a new selling place in the local market. He has many friends and sometimes meets with them after the work day. He wants to develop the business, but no one can help him. He is asking for a loan to buy goods and open a new selling place. He waits your help and support.
Previous Loan DetailsMahmud is married and a loving father. For more than 15 years, Mahmud has been buying and selling shoes, and he has rich experience in this type of business. He is helped in this business by his son, daughter and wife, because he has two outlets and day by day his clients grow and he needs the he... More from Mahmud'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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