Update on SultonboiSultonboi is 54 years old. He is married and has two children. He began his own business in animal husbandry seven years ago. Now, he is one of the best and most successful businessmen in the local market. He has six cows and 10 sheep. Thanks to his work, his cows are fat and attract a lot of customers. He earns additional income from growing wheat.
Sultonboi wants to buy more cows so he can develop his business but he does not have the money to do this. For this reason, he is asking for a loan of $2400 to buy cows. In this way, he will be able to provide his family with quality living conditions. He promises to make his payments on time. He awaits your support and thanks you.
Previous Loan DetailsSultonboi is married and is raising two children. He has seven years of experience in cattle breeding and he is engaged in buying and selling cattle. He raises and fattens six heads of cattle with calves. Sultonboi is a tractor-driver by profession, works at the company and receives a good pay.... More from Sultonboi'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 7, 2012
- Aug 27, 2012
- Currency Exchange Loss:
- Sep 26, 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.