Update on MirsaidMirsaid always wanted to be a wealthy businessman, as he is educated to be a mathematics teacher and teaches at high school. Mirsaid is a married man and he has raised four children. The children are adults. His wife works as a nurse at a rural hospital. She is a very good woman and tries to help her husband in all cases.
So, 16 years ago, Mirsaid started his business of livestock breeding and agriculture and very successfully runs his business. His children help him in managing the business. He has four cows and two rams. He buys livestock at the market, takes care of them for a few months and resells them at a higher price. He should renovate his old house, and therefore he needs to expand his business and receive a higher income.
Mirsaid requests a loan in the amount of 9,000 somoni for the purchase of livestock. He awaits your kindness.
Previous Loan DetailsMirsaid M. is 60 years old, married, and has four adult children. For 14 years Mirsaid has been developing agricultural production on his land with the help of his wife and children. Now planning to sow potatoes on his land, he is asking for a loan of 3000 Somoni to purchase potato seed and mineral… More from Mirsaid'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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