Jamolidin Majidov


Status: Paying Back

$1,500.00   Loan Amount
0% repaid

About the Entrepreneur

Name: Jamolidin Majidov
Location: Kumsangir, Tajikistan
Activity: Farming

About the Loan

Loan Amount: $1,500.00
Loan Use: Purchasing seed and mineral fertilizer
Repayment Term: 12 months - View details below
Lenders Repaid: Irregularly
Currency Exchange Loss: N/A
Date Listed: Oct 13, 2009
Date Disbursed: Oct 5, 2009
Date Funded:Oct 24, 2009

About the Country

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



Majidov Jamolidin is 36 years old, married, and has two children. He grows vegetables and sells them in the market for income. He has been working in this kind of business sphere for almost 13 years and gained much experiences. Jamolidin has a large family considering that he is leaving with his parents. With his large family, Jamolidin works almost everyday to generate revenues for to support his family's living. Because of his family relying on vegetable growing, Jamolidin needs a loan to purchase necessary supplies for his current harvest and with that way to earn enough money for supporting his family. This will be his first loan with IMON International and Kiva and his evaluation shows he is qualified to receive the loan.


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 Jamolidin Majidov


Loan has been disbursed
 
Entrepreneur: Jamolidin Majidov
Location: Kumsangir, Tajikistan

Thank you for your loan. It has been disbursed to Jamolidin Majidov 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 Kumsangir, Tajikistan
Oct 25, 2009
Comment on this entry

Kiva Help Repayment Schedule for Jamolidin Majidov

  Expected Repayments Actual Repayments Comments
July 2010 $362.13 Available Jul 1  
August 2010 $370.58 Available Aug 1  
September 2010 $379.23 Available Sep 1  
October 2010 $388.06 Available Oct 1