Update on ShavkatjonShavkatjon works hard every day from early morning till late evening. He is a very hardworking man.
For more than 16 years, he has had his own business, and his skills and experiences help him to develop the business. In the local market he sells shoes and has a wide assortment of goods. Because his goods have a wide assortment, he attracts many customers. He is one of the successful businessmen between other businessmen.
He has five lovely children and tries to do the best for them. His wife is a kind woman and helps him with the business.
He wants to develop his business further, but his income isn’t enough for it. He is asking for a loan to buy men's shoes for the new season. He awaits your support.
Previous Loan DetailsH. Shavkatjon is 41 years old. He is married and has five children. Due to the lack of employment options in his country, it was difficult for Shavkatjon to find work and financially support his family. Therefore, 12 years ago, he decided to start his own business selling men's shoes. Shavkatjon ... More from Shavkatjon'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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