Abdushukur Khalokov


Status: Paying Back

$3,000.00   Loan Amount
54% repaid

About the Entrepreneur

Name: Abdushukur Khalokov
Location: Isfara, Tajikistan
Activity: Transportation

About the Loan

Loan Amount: $3,000.00
Loan Use: Purchasing of new microbus for expanding business
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: N/A
Date Listed: Mar 12, 2009
Date Disbursed: Mar 11, 2009
Date Funded:Mar 18, 2009

About the Country

Country:Tajikistan
Avg Annual Income:$1,388.00
Currency:United States Dollars (USD)



Abdushukur Khalokov is 39 years old and has a public transport business. He drives a microbus “Gazelle,” which he bought with a loan from Orienbank. He’s worked in public transportation for two years, and during that time his business has done very well, which enabled him to purchase a second microbus with his own money. He is brigade-leader of route № 2, and drives one bus while leasing out the other. Abdushukur now wishes to expand his business by buying another microbus. For this reason he has applied for a loan of $3000 USD for the term of 12 months. With your support, he will continue to progress.

More about Tajikistan and IMON International

Tajikistan
Tajikistan is perhaps best known for its rich history and diverse culture, which is a mix of the Islamic faith, Soviet influence, and Central Asian traditions. It served as a key post along the Silk Road and marked the end of Alexander the Great's extensive rule. It was the birthplace of the great Persian poet Rudaki and famous Islamic philosopher Ibn Sina. And it is home to epic mountain passes, communities that still speak the ancient Sogdian language, and a civilization that dates back to the 4th millennium BC.

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.

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Journal entries for Abdushukur Khalokov


Loan has been disbursed
 
Entrepreneur: Abdushukur Khalokov
Location: Isfara, Tajikistan

Thank you for your loan. It has been disbursed to Abdushukur Khalokov 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 Isfara, Tajikistan
Mar 19, 2009
Comments (1)

Kiva Help Repayment Schedule for Abdushukur Khalokov

  Expected Repayments Actual Repayments Comments
June 2009 $215.42 $215.42 Repayment Received
July 2009 $221.16 $221.16 Repayment Received
August 2009 $227.06 $227.06 Repayment Received
September 2009 $233.12 $233.12 Repayment Received
October 2009 $239.33 $239.33 Repayment Received
November 2009 $245.72 $245.72 Repayment Received
December 2009 $252.27 $252.27 Repayment Received
January 2010 $259.00 Available Jan 1  
February 2010 $265.90 Available Feb 1  
March 2010 $272.99 Available Mar 1  
April 2010 $280.27 Available Apr 1  
May 2010 $287.76 Available May 1