Erkinjon Isroilov


Status: Paid Back

$875.00   Loan Request
$875.00   Paid Back

About the Entrepreneur

Name: Erkinjon Isroilov
Location: Isfara, Tajikistan
Activity: Taxi

About the Loan

Loan Amount: $875.00
Loan Use: Purchasing spare parts for a thorough repair of his car
Repayment Term: 9 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jan 18, 2009
Date Disbursed: Jan 14, 2009
Date Funded:Jan 18, 2009
Loan Ended:Sep 15, 2009

About the Country

Country:Tajikistan
Avg Annual Income:$1,388.00
Currency:Tajikistan Somoni (TJS)
Exchange Rate:3.4733 TJS = 1 USD



Erkinjon offers taxi services in Isfara, Tajikistan. He has been working in this sphere of business for 4 years. Erkinjon admits he has benefited a lot from the financial assistance he has received from IMON International, Tajikistan. Currently, his business has grown to the point where he takes in 15 – 20 $ per day.



Erkinjon is hoping to buy a better and trendier vehicle in the future to offer more high-class services to his clients. Now his car needs thorough repairs for which he is requesting a loan. Erkinjon thinks that this loan will help him move closer to the fulfillment of his plans, as due to repairing his car, he will increase his clientele. Some day when Erkinjon saves enough, he is hoping to buy a newer but affordable vehicle.




More about Tajikistan and IMON International



Tajikistan is perhaps best known for its rich history, which includes a key post along the Silk Road; the end of Alexander the Great's rule; and with it’s famous great thinkers, philosophers, scientists and poets as: Rudaki, Ibn Sina (Avicenna), Firdousi, Omar Haiyam, Jomi, Mavlavi Rumi and many others. 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 Erkinjon Isroilov


Loan has been disbursed
 
Entrepreneur: Erkinjon Isroilov
Location: Isfara, Tajikistan

Thank you for your loan. It has been disbursed to Erkinjon Isroilov by IMON International in Tajikistan. We are excited to watch this business grow. Over the 6 months of this loan, IMON International will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Isfara, Tajikistan
Jan 19, 2009
Comment on this entry

The loan has been successfully repaid.
 
Entrepreneur: Erkinjon Isroilov
Location: Isfara, Tajikistan

Isroilov Erkinjon has been providing taxi service along Isfara city since 2005. He needed money to replace some parts of his car. Erkinjon is now can drive passenger especially garment workers safer than in the past and save more money. Therefore, he has had a better life since funded from loan. Erkinjon is thankful for the opportunity to have taken this loan and thanks you for your support and encouragement! On behalf of IMON International, thank you for your continued generosity! Please forgive our tardiness in replying back to you. Your support is important to us and we are very grateful.


Posted by Jahongir Abdulloev from Isfara, Tajikistan
Sep 28, 2009
Comment on this entry

Kiva Help Repayment Schedule for Erkinjon Isroilov

  Expected Repayments Actual Repayments Comments
April 2009 $113.62 $113.62 Repayment Received
May 2009 $117.22 $117.22 Repayment Received
June 2009 $120.93 $120.92 Repayment Received
July 2009 $124.76 $124.76 Repayment Received
August 2009 $128.71 $128.71 Repayment Received
September 2009 $132.78 $132.79 Repayment Received
October 2009 $136.98 $136.98 Repayment Received