Update on AbdusamadAbdusamad is a good-natured man. He is married and has two children. He is hardworking and has more than seven years of business experience. He sells industrial goods at a store that is located in the center of town. Each day, many people visit his store and he needs to expand the assortment of goods he offers. His wife helps him conduct his business. Abdusamad wants to increase his working capital so he is asking for a loan of 2,000 USD. He relies on you and your kindness.
Previous Loan DetailsAbdusamad is married and has two children. He has been involved in selling grocery products for fourteen years. He owns a store and brings in products depending on residents' demand. The earnings are used for business expansion and supporting his family. Abdusamad wants to obtain this loan to… More from Abdusamad'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.
204View loans »
Success!! The loan was 100% repaid