Saidakram Rustamov


Status: Paid Back

$2,350.00   Loan Request
$2,350.00   Paid Back

About the Entrepreneur

Name: Saidakram Rustamov
Location: Kumsangir, Tajikistan
Activity: Farming

About the Loan

Loan Amount: $2,350.00
Loan Use: Purchasing seeds, fertilizer, fuel and lubricants
Repayment Term: 7 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Apr 16, 2009
Date Disbursed: Apr 1, 2009
Date Funded:Apr 16, 2009
Loan Ended:Oct 15, 2009

About the Country

Country:Tajikistan
Avg Annual Income:$1,388.00
Currency:Tajikistan Somoni (TJS)
Exchange Rate:3.8577 TJS = 1 USD



Rustamov Saidakram is dedicated to agriculture and the sale of home-grown vegetables, which means that he can be around his family, helping to raise their quality of life and educate all his three children. Saidakram has been characterized as a person who is hard-working, since he has been working in agriculture since he was very young. This kind of work requires effort, dedication and above all, strength, as it can include heavy work, meaning that people get tired quickly. In spite of this, Saidakram is determined to raise the standard of living in his family, and to improve the quality of the seeds he cultivates. For this reason, he is asking for help in order to be able to receive more credit from IMON International.




More about Tajikistan and IMON International



Tajikistan is perhaps best known for its rich history, which includes a key post along the Silk Road; the end of Alexander the Great's rule; and with its famous great thinkers, philosophers, scientists and poets as: Rudaki, Ibn Sina (Avicenna), Firdousi, Omar Haiyam, Jomi, Mavlavi Rumi and many others. The country is home to communities that still speak the ancient Sogdian language, epic mountain passes, and a civilization that dates back to the 4th millennium BC. And, even today, it is a complex mixture of the Islamic faith, Soviet culture, New West culture and Central Asian traditions.



But, Tajikistan is also the poorest of the former Soviet republics. The civil war, which ignited soon after its independence from the U.S.S.R., further damaged the already weak economy. In addition, 93% of the country is mountainous and only 7% of the land is arable. These conditions have resulted in high levels of unemployment and have forced hundreds of thousands to seek work in other countries, mainly Russia. While the people of Tajikistan are working to improve its agricultural production and manufacturing sector, nearly two-thirds of the population still live in abject poverty.



IMON's History



Since December 2007, IMON International has worked closely with Kiva and Kiva lenders to ensure that poor and low income clients represent a viable business proposition. Funds raised through Kiva have already been distributed to thousands of IMON International's clients and will continue to provide thousands more with permanent access to the varied financial services they need. To learn more about IMON International's work, please visit: www.imon.tj


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Journal entries for Saidakram Rustamov


Loan has been disbursed
 
Entrepreneur: Saidakram Rustamov
Location: Kumsangir, Tajikistan

Thank you for your loan. It has been disbursed to Saidakram Rustamov by IMON International in Tajikistan. We are excited to watch this business grow. Over the 5 months of this loan, IMON International will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Kumsangir, Tajikistan
Apr 17, 2009
Comment on this entry

The loan has been successfully repaid.
 
Entrepreneur: Saidakram Rustamov
Location: Kumsangir, Tajikistan

Saidakram is very grateful to you for the support rendered to him. He is very please to inform his numerous lenders that their loan to him was very much helpful in improving his farm. With the loan, he was able to buy seeds and fertilizers. Thanks the loan Saidakram was able to plant on a much bigger farm than before. His farm made him enough profit so that he can improve his family living.


Posted by Jahongir Abdulloev from Kumsangir, Tajikistan
Oct 29, 2009
Comments (1)

Kiva Help Repayment Schedule for Saidakram Rustamov

  Expected Repayments Actual Repayments Comments
September 2009 $761.55 $761.55 Repayment Received
October 2009 $783.13 $783.13 Repayment Received
November 2009 $805.32 $805.32 Repayment Received