Update on SodikjonSodikjon is a good family man successful in business. He is 55 years old and married to a wonderful woman. His wife works on a farm. Together, they have four children who are all grown. For more than 20 years, Sodikjon has bred cattle and has his own large operation of 90 sheep, 10 goats, and 1 horse. His wife helps him conduct his business since he has many animals that require much work and attention. This year, his youngest son will get married. Paying for a wedding will require a lot of money that Sodikjon plans to earn by expanding his business to increase his income. He's asking for a loan of 6,000 KGS to buy more cattle. He awaits your kindness. The loan will help Sodikjon increase his income and to fulfill his son's dreams.
Previous Loan DetailsT. Sodikjon is a 50-year-old married man who lives with his four children and wife and owns a cattle-breeding business. Sodikjon has 16 years of experience in this field. Since cattle raising and selling is a profitable business, Sodikjon has become a very successful businessman. Sodikjon has a… More from Sodikjon'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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