Sainurdin Nosikhov


Status: Paying Back

$2,575.00   Loan Amount
73% repaid

About the Entrepreneur

Name: Sainurdin Nosikhov
Location: Shahrituz, Tajikistan
Activity: Farming

About the Loan

Loan Amount: $2,575.00
Loan Use: Seeds, fertilizer, fuels, and lubricants
Repayment Term: 9 months - View details below
Lenders Repaid: Irregularly
Currency Exchange Loss: Covered
Date Listed: Apr 24, 2009
Date Disbursed: Apr 21, 2009
Date Funded:Apr 25, 2009

About the Country

Country:Tajikistan
Avg Annual Income:$1,388.00
Currency:Tajikistan Somoni (TJS)
Exchange Rate:3.9214 TJS = 1 USD



Sainurdin is 28 years old, married and has a son. He is a farmer and grows vegetables, something he has done for 5 years. This is the only thing he knows how to do and what he likes most. For Sainurdin, there is nothing better than being in touch with nature and watching the crops of his labor grow year after year. In addition, Sainurdin raises cattle and his family helps him with his business.


Now he wants to borrow money for purchasing seeds, fertilizer, fuels and lubricants in order to grow seasonal vegetables. This is the first loan of Sainurdin from IMON International and Kiva and he promises to repay the current loan without any violations and thanks all lenders for their support.


More about Tajikistan and IMON International


Tajikistan is known for its rich history, which includes a key post along the Silk Road and the end of Alexander the Great's rule. It has also produced great thinkers, philosophers, scientists and poets, including Rudaki, Avicenna, Ferdowsi, Omar Khayyam, Jomi, and Rumi. 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 Sainurdin Nosikhov


Loan has been disbursed
 
Entrepreneur: Sainurdin Nosikhov
Location: Shahrituz, Tajikistan

Thank you for your loan. It has been disbursed to Sainurdin Nosikhov by IMON International in Tajikistan. We are excited to watch this business grow. Over the 6 months of this loan, IMON International will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Shahrituz, Tajikistan
Apr 26, 2009
Comment on this entry

Kiva Help Repayment Schedule for Sainurdin Nosikhov

  Expected Repayments Actual Repayments Comments
October 2009 $615.49 $615.49 Repayment Received
November 2009 $633.96 $633.96 Repayment Received
December 2009 $652.98 $652.98 Repayment Received
January 2010 $672.57 Available Jan 1