Update on MirzoaliMirzoali has been obtaining financing from our organization for several years. He is a good person, who understands his responsibilities. Mirzoali used his previous loan to purchase cows and calves. He increased the quantities of cattle and small livestock. Currently, he continues his business. Mirzoali is requesting this loan to buy bulls, calves and goats.
Мирзоали просит кредит для закупа бычков, телят и коз.
Previous Loan DetailsMirzoali M. lives in the J.Rumi region. He is 59 years old. He is married and has four children. His sons live and work in the city of Dushanbe. Mirzoali makes his living by breeding large cattle. He does this at home and has been in this business for six years. He is taking out this loan to buy ... More from Mirzoali'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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