Parmonkul Choriev


Status: Paid Back

$725.00   Loan Request
$725.00   Paid Back

About the Entrepreneur

Name: Parmonkul Choriev
Location: Shahrituz, Tajikistan
Activity: Farming

About the Loan

Loan Amount: $725.00
Loan Use: Purchasing seed and mineral fertilizer
Repayment Term: 10 months - View details below
Lenders Repaid: Irregularly
Currency Exchange Loss: Covered
Date Listed: Jan 24, 2009
Date Disbursed: Jan 12, 2009
Date Funded:Jan 24, 2009
Loan Ended:Oct 15, 2009

About the Country

Country:Tajikistan
Avg Annual Income:$1,388.00
Currency:Tajikistan Somoni (TJS)
Exchange Rate:3.5204 TJS = 1 USD



Parmonkul Choriev is 55 years old. He is married with two children. Parmonkul works in agriculture and has always been efficient in his labors. The role of being a father for 27 years has helped him to understand the sacrifice and hard labor of the women of the house. He grows potatoes, onions, carrots, and other kinds of vegetables in his garden. Parmonkul dreams of making it possible for all of his children to be well educated and to ensure them with bright futures. That’s why he works from early morning till late at night. He wants to borrow a loan of 2500 Somoni (US $725) for the term of 9 months so he can buy mineral fertilizer, fuels, and lubricants. This request is in support of making his dream come true, and Parmonkul is asking for help from your generous heart.


More about Tajikistan and IMON International:

Tajikistan is perhaps best known for its rich history, which includes being a key post along the Silk Road; the end of Alexander the Great's rule; and its famous great thinkers, philosophers, scientists, and poets (including 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 lives 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 Parmonkul Choriev


Loan has been disbursed
 
Entrepreneur: Parmonkul Choriev
Location: Shahrituz, Tajikistan

Thank you for your loan. It has been disbursed to Parmonkul Choriev by IMON International in Tajikistan. We are excited to watch this business grow. Over the 8 months of this loan, IMON International will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Shahrituz, Tajikistan
Jan 25, 2009
Comment on this entry

The loan has been successfully repaid.
 
Entrepreneur: Parmonkul Choriev
Location: Shahrituz, Tajikistan

Choriev Parmonkul first heard about IMON International’s low interest. He decided to ask for a loan took out a loan of $725 USD to take advantage of bulk purchasing prices for seeds, as well as fertilizer to increase crop yield on his farm. He has been please with the results of his investment and can see his output growing. Parmonkul is very happy and would like to say thanks to all lenders for interest helping his family.


Posted by Jahongir Abdulloev from Shahrituz, Tajikistan
Nov 1, 2009
Comment on this entry

Kiva Help Repayment Schedule for Parmonkul Choriev

  Expected Repayments Actual Repayments Comments
August 2009 $173.73 $173.73 Repayment Received
September 2009 $178.65 $178.65 Repayment Received
October 2009 $183.71 $183.71 Repayment Received
November 2009 $188.91 $188.91 Repayment Received