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Islomiddin

Update on Islomiddin

Islomiddin has been producing building bricks for the last seven years. Two members of his family work at the brick making plant and Islomiddin employs two more workers as well. This business has been yielding steady profits and Islomiddin was able to buy a new brick making machine. This purchase allowed him to increase production and he is hoping to hire two more workers for his plant. Islomiddin is requesting this loan to purchase cement and gravel to make more bricks.
View original language description ↓
Исломидин более 7 лет занимается производством кирпичных блоков. Работниками являются двое членов семьи и имеет еще двоих работников. Его бизнес приносит ему стабильный доход. С прибыли он купил аппарат по производству кирпичных блоков. Его бизнес расширяется, и он хочет нанять еще двоих работников. Он хотел бы получить займ для покупки цемента и гравий для производства кирпичных блоков.

Previous Loan Details

A. Islomiddin has been working on this farm his entire life. He lives with his wife and three children. Islomiddin relies completely on growing potatoes and processing dried apricots to feed his family, as his lands are only productive for this activity. His children help him with his business... More from Islomiddin's previous loan »

Additional Information

About IMON International

IMON International (IMON) is a micro-deposit organization in Tajikistan that provides entrepreneurs with access to high quality financial products and services, including business loans, agriculture loans, consumer loans and micro-leases. Aiming to alleviate poverty, the organization helps unbanked individuals establish businesses in different sectors, including manufacturing, agriculture and service. Kiva lenders’ funds will help the organization to expand its outreach to even more entrepreneurs, farmers and traders in Tajikistan.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Tajikistan

  • $1,388
    Average annual income
  • 300
    View loans »
    Tajikistan Loans Fundraising
  • $28,666,500
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,500 helped Islomiddin to buy cement and gravel.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 7, 2011
Listed
Dec 12, 2011
Currency Exchange Loss:
N/A
Ended:
Aug 16, 2012