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Update on Kholik

Kholik is continuing his line of work, however, he also wants to start selling brooms and large quantities of halva. In order to realize this idea, he's asking for a loan to purchase some brooms and halva.
View original language description ↓
Холик продолжает свою деятельность. Он хочет заняться торговлей веников. Также он намерен заняться оптовой реализацией сладостей (халвы). Для этого ему необходимо получить кредит для приобретения веников и покупки халвы.

Previous Loan Details

Kholik is 49 year-old married person. He has three children. His profession is a driver. Kholik provides a taxi service and has been in this business for ten years. He is requesting this loan to repair his car drive train and update the interior. More from Kholik's previous loan »

Additional Information

About MLO Humo and Partners

MLO 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.

About Tajikistan

  • $2,700
    Average annual income
  • 103
    View loans »
    Tajikistan Loans Fundraising
  • $29,910,850
    Funds lent in using Kiva
  • 4.8
    Tajikistan Somoni (TJS) = $1 USD
A loan of $1,500 helped Kholik to purchase brooms and halva.
Repayment Term
20 months (Additional Information)
Repayment Schedule
Oct 11, 2012
Nov 2, 2012
Currency Exchange Loss:
Dec 2, 2012