Update on MakhmasharifMakhmasharif is a hard working and kind man and a father of five children. His wife is a home maker. Makhmasharif has been selling groceries and sweets from his own store for more then eight years. He purchases the sweets at whole sale prices from the candy factory "Shirinihoi sharki" and his son helps him with the store. Makhmasharif wants to take out a loan to purchase a batch of groceries and sweets wholesale to expand his inventory. He hopes for your help and kindess.
Previous Loan DetailsMakhmasharif is married and the father of five children. He is a hard-working man. He has been running his business selling foods for seven years. He sells eggs, cakes, sweets and other daily products. Makhmasharif purchases his goods from the firms “Shirinohoi sharki” and “Shirin” from Khujand c... More from Makhmasharif'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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