Akbar Davlatov


Status: Paying Back

$975.00   Loan Amount
73% repaid

About the Entrepreneur

Name: Akbar Davlatov
Location: Shahrituz, Tajikistan
Activity: Farming

About the Loan

Loan Amount: $975.00
Loan Use: Purchasing seed, mineral fertilizer and cattle
Repayment Term: 9 months - View details below
Lenders Repaid: Irregularly
Currency Exchange Loss: Covered
Date Listed: Apr 24, 2009
Date Disbursed: Apr 14, 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



Akbar is a farmer. He lives with his family, including his wife, three school-age children and his parents. His wife helps him with caring for their land. In the past they have had problems in harvesting, having to sell their crop in advance and seeing reduced earnings. But Akbar gained a lot of experience in his business and now his crop is one of the most demanded at the market.


He now faces a small problem because his field is infertile, which makes it difficult to grow his crop. To solve this problem, he has decided to request a loan to buy seeds and fertilizers to support the field and make his crop more productive.


More about Tajikistan and IMON International


Tajikistan is known for its rich history, which includes being 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 Akbar Davlatov


Loan has been disbursed
 
Entrepreneur: Akbar Davlatov
Location: Shahrituz, Tajikistan

Thank you for your loan. It has been disbursed to Akbar Davlatov 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
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Kiva Help Repayment Schedule for Akbar Davlatov

  Expected Repayments Actual Repayments Comments
October 2009 $233.05 $233.05 Repayment Received
November 2009 $240.04 $240.04 Repayment Received
December 2009 $247.24 $247.24 Repayment Received
January 2010 $254.67 Available Jan 1