Update on TurdimurodTurdimurod took out a previous loan to buy boards, glues and paints to make windows and doors with wooden frames to sell. With the profits he made, he purchased a woodworking machine and other necessary tools. Now Turdimurod has returned for another loan. This time, it is for a new business. In addition to his main business, he wants to buy and sell cattle. He has all the necessary conditions for cattle breeding. Turdimurod plans to buy two bulls each month, fatten them for a month and then to sell them at a livestock market in his region.
В настоящее время Турдимурод обратился за повторным кредитом. Теперь он берет кредит для нового бизнеса. Помимо своей основной деятельности он хочет заняться еще куплей и продажей крупнорогатого скота. У него имеются все условия для разведения скота. Турдимурод планирует каждый месяц закупать по двух голов бычков, откармливать их в течение месяца и перепродавать на скотном рынке своего района.
Previous Loan DetailsTurdimurod is a resident of the Shahrituz district. He is 26 years old, married and has one child. His wife is involved in agriculture. Turdimurod manufactures wood window frames and doors. He has been in this business for eight years. He is requesting this loan to buy wood panels, glue and… More from Turdimurod's previous loan »
More information about this 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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