Saidakbar Aslonov


Status: Paying Back

$700.00   Loan Amount
0% repaid

About the Entrepreneur

Name: Saidakbar Aslonov
Location: Dushanbe, Tajikistan
Activity: Grocery Store

About the Loan

Loan Amount: $700.00
Loan Use: To increase his stock of foodstuffs
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Oct 16, 2009
Date Disbursed: Oct 6, 2009
Date Funded:Oct 17, 2009

About the Country

Country:Tajikistan
Avg Annual Income:$1,388.00
Currency:Tajikistan Somoni (TJS)
Exchange Rate:4.3800 TJS = 1 USD



Saidakbar is 40 years old, married and has three children. He owns a grocery store and provides for his family with the revenue generated by the store. He is requesting a loan of 3000 TJS to increase his stock. Saidakbar is ready to work even harder, make sacrifices, and push every once in a while, to achieve his goal of becoming a successful entrepreneur. One of his dreams is that his children progress by means of their studies, for which he is doing everything he can. We believe his perseverance and clear vision will become key success factors in his small business.


More about Tajikistan

Tajikistan, a key post on the Silk Road, is perhaps best known for its rich history. It was the location for the end of Alexander the Great's rule, and is known for its great thinkers, philosophers, scientists and poets such as Rudaki, Ibn Sina (Avicenna), Firdousi, Omar Haiyam, Jomi, Mavlavi Rumi and many others. The country, with its epic mountain passes, is home to communities that still speak the ancient Sogdian language and a civilization that dates back to the fourth millennium BC. Even today, it is a complex mix of the Islamic faith, Soviet culture, New West culture and Central Asian traditions.


However, Tajikistan is also the poorest of the former Soviet republics. The civil war, which ignited soon after its independence from the USSR, damaged the already weak economy. In addition, 93 per cent of the country is mountainous and only 7 per cent of the land is arable. These conditions have resulted in high levels of unemployment and have forced hundreds of thousands of people 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.


More about IMON International

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 Saidakbar Aslonov


Loan has been disbursed
 
Entrepreneur: Saidakbar Aslonov
Location: Dushanbe, Tajikistan

Thank you for your loan. It has been disbursed to Saidakbar Aslonov 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 Dushanbe, Tajikistan
Oct 18, 2009
Comment on this entry

Kiva Help Repayment Schedule for Saidakbar Aslonov

  Expected Repayments Actual Repayments Comments
January 2010 $46.59 Available Jan 1  
February 2010 $48.45 Available Feb 1  
March 2010 $50.39 Available Mar 1  
April 2010 $52.40 Available Apr 1  
May 2010 $54.50 Available May 1  
June 2010 $56.68 Available Jun 1  
July 2010 $58.95 Available Jul 1  
August 2010 $61.31 Available Aug 1  
September 2010 $63.75 Available Sep 1  
October 2010 $66.31 Available Oct 1  
November 2010 $68.96 Available Nov 1  
December 2010 $71.71 Available Dec 1