Update on ZeboZebo is an educated and intelligent woman. She is very positive and hard-working, married, and has three children. She works as a nurse in one of the local clinics. Her salary is not very large, and because of this she tries to economize when possible so that there will be enough money to cover basic family needs. Zebo's husband is in Russia for work; he drives a taxi. This year Zebo's son will start university - he wants to become a financier. Zebo really wants her son to receive a better education and become the best specialist in his field. Zebo and her husband earned money and tried to save for their children's education, but not long ago Zebo married off her oldest son, and had to spend everything they saved on that special occasion. But now Zebo has no savings. She therefore turned to Arvand and wants to receive a loan to pay for her son's education, especially since the cost of education has risen significantly. Zebo nonetheless believes and hopes that she can give her son the opportunity to study and receive a higher education. She also hopes for a positive result and thanks Arvand in advance for support.
Previous Loan DetailsZebo is a woman of the age of 41. She is married and has three children. She works at a medical center. The salary she receives is not even enough for living expenses. Her husband is in the Russian Federation, and he sends her money. This money goes only to living expenses. This year Zebo dec... More from Zebo's previous loan »
About MDO ArvandMDO Arvand is one of the leading microfinance institutions in Tajikistan, offering small loans to entrepreneurs to start and grow their businesses. This makes an enormous difference in a country, which is not only the poorest in Central Asia, but also home to a population where two-thirds live below the poverty line. Today, Tajikistan's economy literally depends on remittances being sent from family members working abroad in Russia because there are so few local job opportunities.
But Arvand loans have been able to make a difference and change lives. Read about some of the incredible success stories they have seen here in this Kiva blog post: Bringing hope to Tajikistan with Arvand -- one success story at a time.
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
- Repayment Term
- 20 months (Additional Information)
- Repayment Schedule
- Aug 19, 2013
- Sep 3, 2013
- Currency Exchange Loss:
- Apr 16, 2014
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.