Muidinkhoja Okhunov


Status: Paying Back

$2,000.00   Loan Amount
22% repaid

About the Entrepreneur

Name: Muidinkhoja Okhunov
Location: Khujand, Tajikistan
Activity: Movie Tapes & DVDs

About the Loan

Loan Amount: $2,000.00
Loan Use: To purchase a large supply of DVD disks and cell phones
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: N/A
Date Listed: Jul 18, 2009
Date Disbursed: Jul 13, 2009
Date Funded:Jul 23, 2009

About the Country

Country:Tajikistan
Avg Annual Income:$1,388.00
Currency:United States Dollars (USD)



Okhunov Muidinkhoja is 27 years old. He is in the business of selling DVD disks. He tries to have all the latest movies, concerts of the popular actors, singers and others. He also sells cell phones produced in China. Being the owner of the business, Muidinkhoja travels to the neighboring country, China, to purchase newer and modern cell phones at wholesale prices. For that reason, the retail prices of his products are lower than his competitors, allowing him to maintain a large clientele in this market. Today, Muidinkhoja is requesting a loan of $2000 USD. He is planning to purchase a large supple of DVD disks and cell phones to increase the quantity and variety of his goods. Muidinkhoja thanks all for supporting him and promises to be diligent in his loan payment.

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 Muidinkhoja Okhunov


Loan has been disbursed
 
Entrepreneur: Muidinkhoja Okhunov
Location: Khujand, Tajikistan

Thank you for your loan. It has been disbursed to Muidinkhoja Okhunov by IMON International in Tajikistan. We are excited to watch this business grow. Over the 12 months of this loan, IMON International will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Khujand, Tajikistan
Jul 24, 2009
Comments (1)

Kiva Help Repayment Schedule for Muidinkhoja Okhunov

  Expected Repayments Actual Repayments Comments
October 2009 $146.34 $146.34 Repayment Received
November 2009 $149.76 $149.76 Repayment Received
December 2009 $153.25 $153.25 Repayment Received
January 2010 $156.83 Available Jan 1  
February 2010 $160.49 Available Feb 1  
March 2010 $164.23 Available Mar 1  
April 2010 $168.06 Available Apr 1  
May 2010 $171.99 Available May 1  
June 2010 $176.00 Available Jun 1  
July 2010 $180.11 Available Jul 1  
August 2010 $184.31 Available Aug 1  
September 2010 $188.63 Available Sep 1