Update on ZiyoboiZiyoboi has worked with fattening cattle for around 10 years. After having repaid his previous loan, he decided to take another one. He is a hardworking man and a good farmer. He is raising six children. He has several livestock at his home, and his wife sells milk and dairy products to the neighbors and also at the market.
Ziyoboi's children are older and he needs to provide each of them with clothing and food. Every Saturday he takes livestock to the market and resells them, and for the income received he purchases food for the home. His children help him. He receives a loan for the purchase of livestock and fodder for them. He has collaborated with our organization for a period of 2 years and hopes for further collaboration and support.
Previous Loan DetailsZiyoboi was born in 1969, he has six children. He used to work in a factory, but after the collapse of the USSR he had to try different businesses and work as a handyman in construction. He took his father's advice and started breeding cattle. He shepherded the cattle on the pastures from dusk till… More from Ziyoboi'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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