Update on AhmadbekAhmadbek lives far from the city, in a rural area, and this is his third time obtaining financing from IMON. He is an honest and decent person, and this is why he has a good credit history. He used his previous loans for developing his business. He has been involved in this business for over 8 years and has a lot of experience in animal husbandry. He knows all of the nuances of his business and is respected by all of his clients, and other businessmen know him as a strong competitor. Ahmadbek, as a caring father of two children and a loving husband, works hard to provide for his family. He has an additional income from farming. He primarily grows potatoes, wheat and barley. Ahmadbek wants to develop his business further because he needs money. His children grew up and require more comforts. He is requesting a loan in the amount of 15,000 somoni to buy livestock for increasing his working capital. He awaits your kindness and hopes for your charity. This loan will help him to increase his income and, thus, bring well-being and happiness to his family.
Previous Loan DetailsK. Ahmadbek is 44 years old, married, and has two children. He grows wheat and potato and sells them in the market for income. He has been in the farming business for almost six years and has gained much experience. Ahmadbek has a large family which includes his parents. He works almost everyday ... More from Ahmadbek's previous loan »
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 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