Update on RahmatulloRahmatullo is applying for his second loan. He took out his previous loan to buy wheat for making flour. He has a mill in his yard where he produces flour for sale. He is grateful to all that supported him.
In addition to his core business, Rahmatullo intends to take up an additional business. He would like to go into business buying and selling cattle. Rahmatullo has a barn and start-up capital of 750 TJS. He needs a loan of $2,500 USD. Rahmatullo intends to buy 5 cows and calves, as well as 600kg of feed. He plans to fatten the cattle for 5 months and put them up for sale in December. The loan will be paid back from his existing business. The loan would allow Rahmatullo to earn additional income and improve his family's financial situation.
Помимо своей основной деятельности Рахматулло имеет намерение заняться еще одним видом бизнеса. Он хотел бы заняться куплей и продажей крупного рогатого скота. Рахматулло имеет коровник, а также его стартовый капитал составляет 750 TJS. Он нуждается в кредите на сумму 2500 долларов США. Рахматулло собирается купить 5 голов коров и телят, а также 600 кг корма. Он планирует откармливать скот в течение 5 месяцев и уже к декабрю вывести скот на рынок на продажу. Кредит будет выплачивать за счет старой деятельности. Данный кредит позволит Рахматулло получать дополнительный доход и таким образом улучшить финансовое состояние его семьи.
Previous Loan DetailsRahmatullo lives in the Yavan region. He is 46 years old, married with seven children. He is a welder. Besides this, he has a mill where he produces flour. He has been in this line of work for a year. He is requesting a loan to purchase wheat. More from Rahmatullo's previous loan »
More information about this loan
About MLO Humo and PartnersMLO Humo and Partners is a microfinance institution in Tajikistan that aims to support vulnerable and underserved populations living in rural areas through financial and consulting services for small businesses. Kiva loans are used by groups and individual borrowers to start and grow businesses and build brighter futures for themselves, their families and their communities. This is especially important in Tajikistan, the poorest country in Central Asia, where more than two-thirds of the population lives below the poverty line.
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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