Salim Saidov

Status: Paying Back

$1,050
Loan Request
Pre-Disbursed : May 13, 2009
Listed: Jun 4, 2009
Funded: Jun 22, 2009
67% repaid

About the Country

Country:Tajikistan
Avg Annual Income:$1,388
Currency:United States Dollars (USD)


About the Loan

Location: Khujand, Tajikistan   Repayment Term: 12 months
(more info)
Activity: Cattle   Repayment Schedule: Monthly
Loan Use: To purchase more small cattle for his developing business   Currency Exchange Loss: N/A
      Default Protection: Covered
A livestock breeder for eight years, Saidov Salim was born in 1968 in Khujand, Tajikistan. He is married and responsible for three people including his wife and two children.

Very dynamic, serious, and entrepreneurial, he is proposing to expand his flock and repair his enclosure. This will enable him to meet the needs of a rather large clientele from his village and its neighborhood, some of whom buy animals from more than 20 km from his village.

With this goal in mind, Salim is requesting a loan that will serve him as business capital. The profit he will make from this business will allow him to improve living conditions for his household and also make some investments.


More about Tajikistan and IMON International
Tajikistan is known for its rich history, which includes a key post along the Silk Road and the end of Alexander the Great's rule. It has also produced great thinkers, philosophers, scientists and poets, including Rudaki, Avicenna, Ferdowsi, Omar Khayyam, Jomi, and Rumi. 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 B.C. 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 Salim Saidov


Loan has been disbursed
 
Entrepreneur: Salim Saidov
Location: Khujand, Tajikistan

Thank you for your loan. It has been disbursed to Salim Saidov by IMON International in Tajikistan. We are excited to watch this business grow. Over the 10 months of this loan, IMON International will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Khujand, Tajikistan
Jun 23, 2009
Comments (2)

Kiva Help Repayment Schedule for Salim Saidov

  Expected Repayments Actual Repayments Comments
August 2009 $93.01 $93.01 Repayment Received
September 2009 $95.49 $95.49 Repayment Received
October 2009 $98.04 $98.04 Repayment Received
November 2009 $100.65 $100.65 Repayment Received
December 2009 $103.34 $103.34 Repayment Received
January 2010 $106.09 $106.09 Repayment Received
February 2010 $108.92 $108.92 Repayment Received
March 2010 $111.82 Available Mar 1  
April 2010 $114.81 Available Apr 1  
May 2010 $117.83 Available May 1