Update on AbdurahmonAbdurahmon is married and is raising one son. His wife is involved in household work. Abdurahmon has been involved in animal husbandry for over four years. He primarily buys livestock at a low price and then sells it at a more profitable price. Besides this, he has an additional income from monetary wires from his son, who left to work in the Russian Federation. Abdurahmon has a good reputation and credit history. He is requesting this loan to purchase cattle in order to expand his business and make a good profit for the sake of improving his family's welfare.
Previous Loan DetailsK. Abdurahmon is 49 years old. He and his wife have raised two children. For more than 10 years, Abdurahmon has been running his business. He is purchasing, raising and selling the cattle. The business is the family one, as his wife helps him. Thanks to the income generated by the business, Ab... More from Abdurahmon'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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