Update on OliyaOliya is requesting a loan and counting on the support of Kiva and Kiva creditors for the second time. With her first Kiva loan, she purchased a refrigerator, which she needed to keep her milk products and sausages fresh. She was also able to improve her product assortment and her number of regular clients has greatly increased.
Oliya has a big, close-knit family with five children. This time Oliya is requesting a loan to purchase grocery products. She plans to increase her turnover and product assortment so that her clients can purchase all their essential products without difficulty.
В семье Олии пополнение, у нее на сегодняшний день пятеро детей. У них большая и дружная семья. В очередной раз Олия берет кредит для покупки продуктов питания. Она намерена увеличить оборот и ассортимент товара, чтобы клиенты без затруднений смогли купить необходимые товары.
Previous Loan DetailsOliya is a resident of Vakhsh region. She is 48 years old, married and has four children. Oliya has a professional degree as a nurse and has worked as a nurse for ten years. Currently Oliya manages a grocery store. She is taking out this loan to purchase a small refrigerator and additional… More from Oliya's previous loan »
About MLO Humo and PartnersMLO 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.
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