Update on UgulUgul is a widow and has two children. Ugul is a person who always tries to earn money and provide a better life for her family. She began her own business dealing in animal husbandry six years ago. She also has a dried fruit selling business. Little by little she has developed her businesses. Now, her businesses are going well.
Ugul requested a loan in the amount of 5000 somoni to buy feed for her cattle. From the profit from her business, she is going to improve her living conditions. She hopes for Kiva's cooperation in this loan since it will be used to improve her family's income.
Previous Loan DetailsUgul is a widow and has two children. She always wanted to provide them with good living conditions and since her husband died, Ugul decided to start a new business buying and selling dried fruits in order to generate an income to contribute to her home’s finance. She has some cows but her income… More from Ugul'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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