Ahad Sultonov


Status: Paying Back

$750.00   Loan Amount
0% repaid

About the Entrepreneur

Name: Ahad Sultonov
Location: Isfara, Tajikistan
Activity: Farming

About the Loan

Loan Amount: $750.00
Loan Use: To purchase seeds, insecticides, fertilizers, chemical products, etc.
Repayment Term: 11 months - View details below
Lenders Repaid: Irregularly
Currency Exchange Loss: Covered
Date Listed: Jun 19, 2009
Date Disbursed: Jun 17, 2009
Date Funded:Jun 21, 2009

About the Country

Country:Tajikistan
Avg Annual Income:$1,388.00
Currency:Tajikistan Somoni (TJS)
Exchange Rate:4.4006 TJS = 1 USD



Sultonov Ahad is 45 years old and lives with his wife, a nurse, and their four children. Ahad says he comes from a humble family and, from a very young age, he helped his father in the fields, which is why he never finished his studies. Despite that, he cultivates potatoes, onions and tomatoes. Ahad comments that he is very thankful for what he has and, thanks to the dedication and support from his family, he can have a dignified life and give a better life to his children.

At this time, Ahad is applying for a loan in order to buy more raw materials such as: seeds, insecticides, fertilizers, chemical products, etc., that help him cultivate more.


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 B.C. 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 Ahad Sultonov


Loan has been disbursed
 
Entrepreneur: Ahad Sultonov
Location: Isfara, Tajikistan

Thank you for your loan. It has been disbursed to Ahad Sultonov by IMON International in Tajikistan. We are excited to watch this business grow. Over the 9 months of this loan, IMON International will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Isfara, Tajikistan
Jun 22, 2009
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Kiva Help Repayment Schedule for Ahad Sultonov

  Expected Repayments Actual Repayments Comments
January 2010 $138.47 Available Jan 1  
February 2010 $144.01 Available Feb 1  
March 2010 $149.77 Available Mar 1  
April 2010 $155.76 Available Apr 1  
May 2010 $161.99 Available May 1