Update on HafizaHafiza is married and is a loving mother. She has one child. Her father-in-law lives with them. Hafiza has been involved in buying and selling women's clothing for the last five years. Because she brings in high-quality merchandise, her customers trust her and order necessary merchandise from her. She has a circle of regular customers. Hafiza wants to expand her business in order to earn a good income and improve her family's welfare. In order to achieve this goal, she is requesting a loan to purchase a new selection of clothing.
Previous Loan DetailsHafiza is married and has a son. For a long time, she had several different jobs and then realized that her best opportunity would be to run her own business. Today, Hafiza has a business selling women's clothing in the local market and she has been in this trade for six years. Hafiza is very ... More from Hafiza'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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Success!! The loan was 100% repaid