Khairullo Normuradov


Status: Paid Back

$550.00   Loan Request
$550.00   Paid Back

About the Entrepreneur

Name: Khairullo Normuradov
Location: Shahrituz, Tajikistan
Activity: Farming

About the Loan

Loan Amount: $550.00
Loan Use: To buy seeds and mineral fertilizer for growing vegetables
Repayment Term: 10 months - View details below
Lenders Repaid: Irregularly
Currency Exchange Loss: Covered
Date Listed: Jan 29, 2009
Date Disbursed: Jan 12, 2009
Date Funded:Jan 29, 2009
Loan Ended:Oct 15, 2009

About the Country

Country:Tajikistan
Avg Annual Income:$1,388.00
Currency:Tajikistan Somoni (TJS)
Exchange Rate:3.6719 TJS = 1 USD



Normuradov Khairullo is a fighter that has not allowed the passage of years to diminish the value of his work and as such has always set a solid example for many youths of today. He was born in a agricultural family that taught hard work of tilling the land and also the joint effort of an arduous work. He has been dedicated for 5 years to agriculture; sowing corn, potatoes, onion and etc. together with his children and wife (pictured). At harvest time he works at the wholesale market in his locality in order to maximize the profits. Khairullo requests a loan to acquire a greater quantity of fertilizer with the objective of improving the quality of his products. Support Khairullo and his desire to work hard.


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 Khairullo Normuradov


Loan has been disbursed
 
Entrepreneur: Khairullo Normuradov
Location: Shahrituz, Tajikistan

Thank you for your loan. It has been disbursed to Khairullo Normuradov 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 30, 2009
Comment on this entry

The loan has been successfully repaid
 
Entrepreneur: Khairullo Normuradov
Location: Shahrituz, Tajikistan

Khairullo and his wife are in the business of farming. He requested a loan to purchase fertilizer required for producing of the corn, potatoes and onion. After fund from loan he has enough fertilizer for his farm. His crop grew very well and sold in a good price. The couple looks very happy when we visit them at their house. They told that they have more profit for this season and have enough money to pay off the loan. Khairullo also save some money to repair his house. He will borrow again if he lacks some amount to finish his house. At the end he would like to say thank you to all lenders that give him and his family a better life. 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 Shahrituz, Tajikistan
Nov 1, 2009
Comment on this entry

The loan has been successfully repaid
 
Entrepreneur: Khairullo Normuradov
Location: Shahrituz, Tajikistan

Khairullo and his wife are in the business of farming. He requested a loan to purchase fertilizer required for producing of the corn, potatoes and onion. After fund from loan he has enough fertilizer for his farm. His crop grew very well and sold in a good price. The couple looks very happy when we visit them at their house. They told that they have more profit for this season and have enough money to pay off the loan. Khairullo also save some money to repair his house. He will borrow again if he lacks some amount to finish his house. At the end he would like to say thank you to all lenders that give him and his family a better life. 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 Shahrituz, Tajikistan
Nov 1, 2009
Comment on this entry

Kiva Help Repayment Schedule for Khairullo Normuradov

  Expected Repayments Actual Repayments Comments
August 2009 $131.79 $131.79 Repayment Received
September 2009 $135.53 $135.53 Repayment Received
October 2009 $139.37 $139.37 Repayment Received
November 2009 $143.31 $143.31 Repayment Received