Update on FayzaliFayzali has applied for another loan. He used the previous loan for the purchase of plush toys. Fayzali has been engaged in the trade business for 20 years. His younger son works with him. His trade spot is located in a market in the Dangara region. To date, he has increased his range of goods.
Fayzali is taking a loan for the purchase of cosmetics, perfumes, and children's toys, in order to further increase the range of his products. After receiving the loan from Humo, his activities will expand. His business is progressing well.
He is very grateful for all the support.
Файзали берет кредит для приобретения косметики, парфюмерии и детских игрушек, чтобы еще больше увеличить ассортимент своего товара. После получения кредита в Хумо его деятельность расширяется. Его бизнес хорошо продвигается. Он очень благодарен всем за поддержку.
Previous Loan DetailsFayzali lives in the Dangara region. He is 57 years old. He is married and has three children. His children work and live separately. Fayzali has high education in teaching. He has been teaching in a school for four years now. Besides that he also does retail sales. He has a vendor location where... More from Fayzali'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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Success!! The loan was 100% repaid