Update on AbduchaborThe first time Abduchabor received a loan to purchase calves. Abduchabor increased the number of cattle, received a good profit, and has expanded his activities. Abduchabor held weddings for his sons. He renovated the barn. Abduchabor created good conditions for breeding cattle. He is grateful to the people who helped him to progress in his activities.
Abduchabor has been borrowing from our organization for several years and has a good reputation and excellent credit history.
Abduchabor wants to get a loan of 10,000 somoni to purchase calves and cattle feed.
Абдучабор кредитуется в нашей организации несколько лет, он имеет хорошую репутация и отличную кредитную историю.
Абдучабор хочет получить кредит в размере 10 000 сомони для закупа бычков и корма для скота.
Previous Loan DetailsAbduchabor T. lives in the Qurgan-Tube district. He is 56 years old, married and has 7 children. Abduchabor has been involved in animal husbandry for over 25 years. His children help him with this business. Abduchabor buys cattle, feeds it and sells it. Client is requesting a loan in order to… More from Abduchabor's previous loan »
About MLO Humo and PartnersMLO Humo and Partners is a microfinance institution in Tajikistan that aims to support vulnerable and underserved populations living in rural areas through financial and consulting services for small businesses. Kiva loans are used by groups and individual borrowers to start and grow businesses and build brighter futures for themselves, their families and their communities. This is especially important in Tajikistan, the poorest country in Central Asia, where more than two-thirds of the population lives below the poverty line.
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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