Update on SavlatbiSavlatbi has dedicated 13 years of her life to selling children’s cloithing at the central market of the Hamadoni Region. She learned this interesting line of business from a friend of hers, who still works as a vendor herself. One of the main reasons why Savlatbi sells children’s clothing are the children’s themselves. She likes to find them new outfits and shoes and see their excitement. She has been a vendor for many years and intends to work in this field for many years more. She needs to bring warm children clothing’s from the city as soon as possible. She has insufficient means to stock up on merchandise and pay for her trip, which is why she is applying for a loan. This is her second loan to develop her business. She is counting on your compassion!
Previous Loan DetailsSavlatbi has been involved in sales for over ten years. She 43 years old, married and has two children. She is primarily involved in selling children's clothing. Savlatbi is requesting this loan to purchase spring children's clothing. More from Savlatbi's previous 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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