Update on FurkatFurkat is 28 years old, married and has 1 young child. For over 11 years, he has been growing crops such as potatoes, onions, carrots, and so on. He learned how to farm from his father and is very happy to be a farmer himself now. Furkat sells his harvest at the market and, because his produce is of good quality, there is a high demand for it. His wife helps him in his business. Furkat wants to develop his business, but does not have the means to do so. Furkat is seeking a loan of 10,000 Tajikistan Somoni to buy mineral fertilizers and seeds. He needs and hopes for your assistance.
Previous Loan DetailsM. Furkat is 25 years old and lives with his parents. He has dedicated himself to farming potato for more than 6 years. He enjoys being a farmer and finds harvesting his crops especially gratifying. On the other hand, the most tedious part of farming is the preparation of land for planting and pr... More from Furkat'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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