Update on UlugbekUlugbek is 28 years old and married with three children. Being a responsible father, Ulugbek works hard every day to generate income so that he can cover his daily costs. He is an animal farmer and also has a farming business, growing onions and corn on his own land. In order to contribute to improving his family's living standards, he works hard from early morning till late evening for two years on his land.
Ulugbek would like to develop his business, which is why he is asking for a loan in the amount of 1,300 USD to purchase mineral fertilizers, fuel and seeds for the new planting season. He awaits your support.
Previous Loan DetailsUlugbek A. is 25 years old and lives with his wife and two children. Ulugbek is an animal farmer. He owns cows and sells their milk, together with the help of his wife and brother. In order to further develop his business, Ulugbek wants to take out a loan to buy more cows and feed for them. After… More from Ulugbek'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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Success!! The loan was 100% repaid