Ikromidin Boboev


Status: Paying Back

$1,600.00   Loan Amount
64% repaid

About the Entrepreneur

Name: Ikromidin Boboev
Location: Shahrituz, Tajikistan
Activity: Farming

About the Loan

Loan Amount: $1,600.00
Loan Use: Purchasing seed and mineral fertilizer.
Repayment Term: 11 months - View details below
Lenders Repaid: Irregularly
Currency Exchange Loss: Covered
Date Listed: Mar 16, 2009
Date Disbursed: Mar 13, 2009
Date Funded:Mar 17, 2009

About the Country

Country:Tajikistan
Avg Annual Income:$1,388.00
Currency:Tajikistan Somoni (TJS)
Exchange Rate:3.7532 TJS = 1 USD



Boboev Ikromidin is 37 years old. He lives with his wife and has two children. Like his parents, who cultivated large crops, he has been a farmer since he was a boy. He enjoys being a farmer. Like his brother, he plants crops and then eventually he or his wife takes the products directly to market to sell. This way, he does not have to give away any of his efforts to middlemen.


Farming brings Ikromidin good earnings. He tells us that to succeed, you only need to know how to take care of what you plant and to pay attention to what the crops need. Therefore, he fertilizes his crops so that he has a good harvest.


This is his fourth loan with IMON International and he is responsible with his payments. The money he is requesting will be invested in high-quality seeds and fertilizer. Ikromidin is very grateful to everyone who is helping him to achieve his goals with this loan.


More about Tajikistan


Tajikistan is perhaps best known for its rich history, which includes being a key post along the Silk Road and being the location of the end of the rule of Alexander the Great. It is also known for its famous great thinkers, philosophers, scientists and poets, such as Rudaki, Ibn Sina (Avicenna), Firdousi, Omar Haiyam, Jomi, Mavlavi Rumi, and many others. The country, filled with epic mountain passes, is home to communities that still speak the ancient Sogdian language, and boasts a civilization that dates back to the fourth millennium BC. 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 percent of the country is mountainous and only 7 percent 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.


More about IMON International


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 Ikromidin Boboev


Loan has been disbursed
 
Entrepreneur: Ikromidin Boboev
Location: Shahrituz, Tajikistan

Thank you for your loan. It has been disbursed to Ikromidin Boboev by IMON International in Tajikistan. We are excited to watch this business grow. Over the 9 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
Mar 18, 2009
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Kiva Help Repayment Schedule for Ikromidin Boboev

  Expected Repayments Actual Repayments Comments
September 2009 $247.36 $247.36 Repayment Received
October 2009 $254.78 $254.78 Repayment Received
November 2009 $262.42 $262.42 Repayment Received
December 2009 $270.29 $270.29 Repayment Received
January 2010 $278.40 Available Jan 1  
February 2010 $286.75 Available Feb 1