Update on SaidodkhomSaidodkhon is from Tajikistan. It is a country where one can disconnect from the noise and appreciate the beauty of nature through its stunning scenery. Saidodkhon loves his country. He is 52 years old and is married with four children. To make a living, he sells food items in the local market. He has been engaged in his business for six years and earns little money for these activities. Saidodkhon works around 10 hours a day. He enjoys his work and believes it is going well because he always loves what he does. He is requesting a loan of 3,000 USD which will be used to buy more food items to sell. He plans to use the additional revenue generated from the business to improve the general living conditions of his family.
Previous Loan DetailsSaidodkhom is married and has 4 children. His family lives in Kumsangir, Tajikistan. Saidodkhom is a small entrepreneur and an owner of a grocery store, selling food items in his home town. His store is well known in his community for the variety of inventory and his reasonably priced, quality… More from Saidodkhom'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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- Repayment Term
- 14 months (Additional Information)
- Repayment Schedule
- Aug 6, 2012
- Aug 11, 2012
- Currency Exchange Loss:
- Sep 10, 2012
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.