Update on MukarramMukarram would first like to thank MDO Arvand and, of course, Kiva lenders for their support. Once again Mukarram is taking out a loan to expand and improve her business. In the summer, the demand for fruit and vegetables grows because during the summer people work to prepare for the coming winter. During this season, Mukarram would like to make some extra money from sales so she can put some aside to renovate her house. She buys wholesale from farms and resells vegetables at the local market. Mukarram has extensive experience doing this. She has been selling at the market for more than ten years. During these years, she has established many loyal customers. Because of this business, Mukarram has been able to improve her family's living conditions and even provide her son with an education. Mukarram is a single mother who does not want her children to suffer from their father's absence, so she works with all of her might to provide for them. Mukarram's dreams and goals are to ensure her children's welfare and their future success. To do this, Mukarram does not want to stop here but, on the contrary, keep expanding her business year after year.
Previous Loan DetailsMukarram is a cheerful, hardworking and kind woman. Mukarram was born in a small village and lives there to this day. She is 52 years old and has two children. Mukarram's husband died many years ago from an illness, after which she did not have another relationship. She raised her children by… More from Mukarram'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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