Update on TuichibekHe has a difficult life and low income, but a good heart and kind character. He is Tuichibek from Tajikistan - a 31-year-old man who is married and raising 4 children. For over 4 years, Tuichibek has been cultivating crops such as potatoes, wheat, carrots etc. and selling his harvest at the market. His high-quality produce is in high demand. Tuichibek's wife helps her husband with his business.
In order to provide his family with all necessities of life, Tuichibek wants to develop his business, and for that he needs bigger harvests. He is requesting a loan of 6500 somoni to purchase mineral fertilizers and seeds. Tuichibek will use his business profits to pay for his children's education and improve his family's living conditions. He needs and awaits your kindness.
Previous Loan DetailsM. Tuichibek is 29 years old and lives with his wife and two children. For the past three years Tuichibek has been farming, planting potatoes, onions and corn which he grows to sell as well as for his own family consumption. Every day he tends to his fields. In the case of corn, Tuichibek d... More from Tuichibek'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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Success!! The loan was 100% repaid