Update on YosinjonYosinjon is 40 years old. He is a kind and hard-working who works hard to make his plans a reality. He is married and raising one son. For over 22 years, Yosinjon has been baking flatbread for sale. He has his own bakery in his home. Yosinjon has two assistants. He produces between 260 and 380 flatbreads per day. He has his loyal customers who buy his flatbreads and resell them at the local market. He has been our client in the past, and this is his fourth loan cycle. Yosinjon has a good reputation and credit history. He is requesting a loan in the amount of 7,000 TJS to buy flour. He would like to develop his business by increasing his production volume. He is counting on your kindness and hoping for your compassion.
Previous Loan DetailsYosinjon is 39 years old, married, and raising one son. In order to support his family and provide them with all the necessities, he started his own bakery business 21 years ago. He now produces between 260 and 380 round cakes per day. His wife and son help him with his baking business. This… More from Yosinjon'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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