Update on LutfiyaLutfiya is a hardworking woman. She's a widow and has two children. One is an adult, they other not yet. She and her husband separated when their children were little. For more than 12 years Lutfiiya has worked with livestock. Her business is the sole source of income for her family. She buys cattle, fattens them over a period of a few months and then sells them at a local market. Lutfiya wants to increase her working capital which would increase her income. She wants to use the additional income to ensure her children, who are growing up without a father, have a good life. She awaits your kindness.
Previous Loan DetailsLutfiya is a hardworking person. She is a widow and has two sons. After her husband's death she had a very difficult living condition. She worked hard to comfort her little children with all necessary things. Little by little with the passing of the time she has perfected her knowledge, and n... More from Lutfiya'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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