Update on FarkhodFrom childhood Farkhod has had many friends. His friends know him as a kind, brave and smart man. They like his behavior and always help him. 6 years ago he began his own business deal. As he had a lot of friends, he decided to sell them clothing of the best quality. His business has developed year by year. Nowadays he is busy with the selling of men's clothing. Farkhod has a lovely wife and 2 beautiful children. He wants to comfort them with all modern conveniences. He is asking for a loan to buy goods for the new season.
Previous Loan DetailsFarkhod is a smart and decisive young person. He has been involved in buying and selling men's clothing and shoes for five years. Farkhod lives together with his parents, and his father helps him with the business. Farkhod buys the merchandise at the central market and sells it at the local ma... More from Farkhod'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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