Nuriddin Aloev


Status: Paying Back

$1,150.00   Loan Amount
16% repaid

About the Entrepreneur

Name: Nuriddin Aloev
Location: Dushanbe, Tajikistan
Activity: Fruits & Vegetables

About the Loan

Loan Amount: $1,150.00
Loan Use: To increase the range of his vegetables
Repayment Term: 12 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Aug 24, 2009
Date Disbursed: Aug 19, 2009
Date Funded:Aug 24, 2009

About the Country

Country:Tajikistan
Avg Annual Income:$1,388.00
Currency:Tajikistan Somoni (TJS)
Exchange Rate:4.3897 TJS = 1 USD



Vegetable sales are a flourishing business in Tajikistan for the simple reason that every home needs vegetables. Nuriddin has been selling fruits and vegetables in Dushanbe city for the past three years.

Nuriddin began his own stall with his hard-earned savings as he had always wanted to be an entrepreneur. He began selling in “Ganj” market with very little stock to offer his clients. Slowly he began to increase the goods offered until he managed to get a permanent market stall. Currently his stall is his pride and joy with a zinc roof and ceramic tiles on the floor.

Nuriddin is the father of three children who are in school. As any father, he is doing his best in order to ensure his children have the best future and to make them well-educated.

Now, Nuriddin needs a loan of 5,000 Somoni in order to increase the range of his stock. He expresses his gratitude to everyone supporting him.


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 Nuriddin Aloev


Loan has been disbursed
 
Entrepreneur: Nuriddin Aloev
Location: Dushanbe, Tajikistan

Thank you for your loan. It has been disbursed to Nuriddin Aloev by IMON International in Tajikistan. We are excited to watch this business grow. Over the 10 months of this loan, IMON International will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Dushanbe, Tajikistan
Aug 25, 2009
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Kiva Help Repayment Schedule for Nuriddin Aloev

  Expected Repayments Actual Repayments Comments
November 2009 $95.78 $95.78 Repayment Received
December 2009 $99.62 $99.62 Repayment Received
January 2010 $103.60 Available Jan 1  
February 2010 $107.74 Available Feb 1  
March 2010 $112.05 Available Mar 1  
April 2010 $116.54 Available Apr 1  
May 2010 $121.20 Available May 1  
June 2010 $126.04 Available Jun 1  
July 2010 $131.09 Available Jul 1  
August 2010 $136.34 Available Aug 1