Update on CaodatCaodat is 23 years old and is married with a son. Caodat is a smart, punctual and successful woman who is an expert at her business. Not taking her age into account, she is hard-working and responsible. Caodat loves children very much, which is why she started a business selling children's clothing. She has been a borrower with our organization since 2010 and has had great successes. Her turnover increases year after year as Caodat tries to build a trusting relationship with every client, which is why she has many regular clients. Her husband buys and sells livestock and helps her with her business. Having successfully satisfied her previous loan, Caodat has decided to apply for another. On receiving her loan, she wants to buy winter goods and expand her assortment of goods. Caodat thanks everyone who helped her in difficult times.
Previous Loan DetailsCaodat is 22 years old, married, and has a son. Caodat is a smart, punctual, and successful woman; and an expert in her field. Regardless of her youth, she is hardworking and responsible. Caodat loves children very much and, because of this, began selling children's clothes. Her husband, who ... More from Caodat's previous loan »
About MDO ArvandMDO Arvand is one of the leading microfinance institutions in Tajikistan, offering small loans to entrepreneurs to start and grow their businesses. This makes an enormous difference in a country, which is not only the poorest in Central Asia, but also home to a population where two-thirds live below the poverty line. Today, Tajikistan's economy literally depends on remittances being sent from family members working abroad in Russia because there are so few local job opportunities.
But Arvand loans have been able to make a difference and change lives. Read about some of the incredible success stories they have seen here in this Kiva blog post: Bringing hope to Tajikistan with Arvand -- one success story at a time.
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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