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Bobo

Update on Bobo

Bobo is 42 years old. He is married and has 4 children. He is a person who always has a story. Twenty years ago he went to his friend’s house and saw a big cow which nearly knocked him off his feet. He was frightened and overwhelmed.

Returning to his home he decided to get money to purchase the animal that scared him. In this way he began own business dealing with animal husbandry. Now, he is one of the best and most successful business men in the local market. He buys cows, cares of them for 2 or 3 month and sells to local people.

Thanks to his planning his cows are fat and attract a lot of customers. He wants to buy more cows for developing his business but he does not have the money for it. He is asking for a loan of 2000 somoni to buy cows. In this way he will provide his family with high quality of living condition. He promises to make his payment on time. He awaits your support.

Previous Loan Details

Bobo raises cattle and grows crops. He is married and is raising three children. His wife is a home maker and sometimes helps her husband with the farm. Bobo wants to expand his business and buy more animals which he plans to feed with leftovers from his crop harvest. For this reason Bobo is requ... More from Bobo's previous loan »

Additional Information

More information about this loan

This loan is part of IMON's effort to expand financial access to rural populations through 16 offices located far from regional centers or main towns. By funding this loan, you are enabling rural populations to gain better financial skills, develop businesses and improve their lives.

About IMON International

IMON 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.

About Tajikistan

  • $2,700
    Average annual income
  • 167
    View loans »
    Tajikistan Loans Fundraising
  • $29,656,600
    Funds lent in using Kiva
  • 4.8
    Tajikistan Somoni (TJS) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Bobo to buy cattle.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
May 7, 2013
Listed
May 24, 2013
Currency Exchange Loss:
Covered
Ended:
Mar 17, 2014