Oloviddin Kushbaev


Status: Paid Back

$725.00   Loan Request
$725.00   Paid Back

About the Entrepreneur

Name: Oloviddin Kushbaev
Location: Utkansoi, Tajikistan
Activity: Cattle

About the Loan

Loan Amount: $725.00
Loan Use: To buy two milk cows
Repayment Term: 10 months - View details below
Lenders Repaid: Irregularly
Currency Exchange Loss: Covered
Date Listed: Jan 16, 2009
Date Disbursed: Jan 1, 2009
Date Funded:Jan 16, 2009
Loan Ended:Nov 14, 2009

About the Country

Country:Tajikistan
Avg Annual Income:$1,388.00
Currency:Tajikistan Somoni (TJS)
Exchange Rate:3.4800 TJS = 1 USD



Oloviddin is a young man of 26 years, married and has one little daughter. Oloviddin works on a farm in the fields. He also breeds cattle at home. He mainly owns milk cows which his wife milks and sells the product locally. Oloviddin wants to buy another pair of milk cows. He has been taking out loans for the second year now. In the beginning he only had three rams and now he already has five cows. He is very happy that such loans are available for animal husbandry.

Translated from Russian by Elena Fedorchuk, Kiva Volunteer


Оливиддин парень 26 лет женат имеет одну маленькую дочку.Оловиддин работает в колхозе на поле.На дому он откармливает скот , в основном у него дойные коровы, которые доит его жена и продаёт молоко в своей местности. Оловиддин хочет купить ещё пару дойных коров.Он кредитуется второй год.В начале у него было всего три барана,а на сегодняшний день у него 5коров.Он рад что существуют такие займы для животноводства.

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Top Lending Teams for this entrepreneur


Bowling Green State University
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Journal entries for Oloviddin Kushbaev


Loan has been disbursed
 
Entrepreneur: Oloviddin Kushbaev
Location: Utkansoi, Tajikistan

Thank you for your loan. It has been disbursed to Oloviddin Kushbaev by MLF MicroInvest, a partner of ACDI/VOCA in Tajikistan. We are excited to watch this business grow. Over the 8 months of this loan, MLF MicroInvest, a partner of ACDI/VOCA will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Utkansoi, Tajikistan
Jan 17, 2009
Comment on this entry

Journal Update
 
Entrepreneur: Oloviddin Kushbaev
Location: Utkansoi, Tajikistan

Thank you for supporting an entrepreneur in Tajikistan.

I'm excited to be writing you as the Kiva Fellow in northern Tajikistan. For the last few months, I have been working with Kiva's Field Partner, MLF MicroInvest visiting many Kiva entrepreneurs.

As you may know, all entrepreneur profiles on Kiva's website are posted by local Field Partners (microfinance institutions) like MicroInvest, which are organizations which lend to those without easy access to credit for purposes of sustaining or growing their businesses. In my time here I have had the opportunity to get to know MicroInvest's staff and its clients. Its ultimate mission is to enable its borrowers to achieve self-sufficiency through the development of their businesses.

But from what I have seen in my time here, MicroInvest's work isn't just about issuing loans. They also create a long-lasting, collaborative relationship with each client to address their financial needs and improve the household's standard of living.

One such relationship is with Oishahon who sells vegetables and herbs in the Isfara market. I met with her recently and she talked at length about her business. For the season she is stocking garlic, fennel, various teas, and hot peppers. The winter is a fairly slow time for green grocers and most of her business comes during the spring months.

We spent some time talking about her past career as a teacher of Tajik literature. She, like many others here, spoke fondly of Rudaki who was a poet in ancient Persia some 1,000 years ago. She also discussed her past career as a teacher of Tajik literature. She abandoned her teaching career back in 1991 when Tajikistan became independent from the USSR and salaries fell significantly. There are many other former teachers, doctors or factory workers here who have moved on to a business of their own as a means of sustaining themselves.

With customers hovering around her stand, I excused myself so she could conduct her business. She expressed her thanks to Kiva lenders and says her loan has allowed her to sustain her business through the lean winter months.

With over $1.3 million in loans to Kiva clients, MicroInvest serves many others like Oishahon throughout the country. From Kiva, MicroInvest and its borrowers, we thank you for supporting our work. To see support additional borrowers, please check:

http://www.kiva.org/app.php?page=businesses&partner_id=101&status=fundRaising&sortBy=New+to+Old&_te=mj


Posted by Jenny Boyd, Kiva Staff, from San Francisco, United States
Feb 5, 2009
Comments (62)

Kiva Help Repayment Schedule for Oloviddin Kushbaev

  Expected Repayments Actual Repayments Comments
October 2009 $362.50 $362.50 Repayment Received
November 2009 $362.50 $362.50 Repayment Received