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Huseyn

Update on Huseyn

Huseyn is kind and industrious person. He lives with his 4 children and wife in an old house. He has a food selling business, selling in a food stall. He sells a variety of foodstuffs such as dumplings, flat breads, etc. He has gained much business experience in his field.

With the profits earned from the business, he pays for his children to study at a school. He is an intelligent and brainy man who says, "I will do all the best for my family." He is requesting a loan to purchase food ingredients such as wheat flour, cooking oil, rice, sugar, beans, etc. He awaits your support.

Previous Loan Details

Huseyn is married and has three children. His wife is a homemaker. He has been involved in retail sales for 14 years. He started with selling trinkets, but now has his own grocery store. Huseyn has food and household products in his store, all of which are in demand. He buys his merchandise ... More from Huseyn's previous loan »

Additional Information

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
  • 169
    View loans »
    Tajikistan Loans Fundraising
  • $29,362,000
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Huseyn to buy food items for increasing his working capital.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 10, 2013
Listed
Jun 6, 2013
Currency Exchange Loss:
N/A
Ended:
Dec 20, 2013