Update on SurmakhonSurmakhon is a woman who always tries to improve the quality of her situation. She is 62 years old, a widow, and has eight children--all of whom are grown. Surmakhon organized and developed a business out of necessity to provide for eight children. The income met the family's needs. For more than 27 years, she has sold women's and children's underwear and clothing at a local market. Surmakhon very politely works with her customers and tries to increase her client base. She plans to buy inventory for the new season and she doesn't have the means to do so. She is asking for a loan of 1,300 USD to buy seasonal clothing. She is a repeat client of IMON and has a good credit history. She awaits your kindness.
Previous Loan DetailsSurmakhon has a small business selling children’s clothing. She is a widow and has been in business for 25 years. She is an energetic, enthusiastic entrepreneur who operates her business simply but wisely. For example, there are times when she has needed to purchase new clothing inventory. Rather… More from Surmakhon'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