Update on SafaraliThe residents of the countryside and villages of Tajikistan, and specifically in the Shahrituz region, are mainly engaged in animal husbandry and agriculture. Over the course of several years, Safarali has been engaged in agriculture, but recently he began livestock activities. He liked to work in the cattle yard, and he had a bit of experience which he received from his father. Livestock activities for Safarali have turned out profitable and convenient. He is able to work at his own home.
Safarali decided to expand his activities and to purchase more cattle, but he did not have a sufficient sum and for this reason he is requesting a loan. With the loan amount, he will buy a pair of cattle and increase his activities.
Сафарали решил расширить свою деятельность и приобрести больше скотов, но достаточной суммы у него не оказалось, по этой причине он просит кредит. На сумму кредита он купит пару голов скота, и увеличить свою деятельность. Сафарали верит и надеется на Вашу помощь. Ведь мир не без добрых людей!
Previous Loan DetailsSafarali is forty-three years old. He lives with his wife and five children in the Shahrituz region of Tajikistan. For several years now he has made a living by farming. Now he wants to expand his business to cattle breeding, which is very profitable these days. However, he needs some capital to… More from Safarali'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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