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Abdumalik
Abdumalik has been granted loans in our organization since 2008. He is a herdsman on a collective farm, and his sheep flock counts over a hundred of animals. Abdumalik has been raising livestock for over 40 years. His two sons are currently working in Russia. They both have families. Last year drought affected prices, and Abdumalik had to buy feed at a high price. Abdumalik had also to pay extra to a shepherd because the shepherd had to travel longer distances in order to find fresh grass and water for the animals. Taking into consideration price increase in spring, Abdumalik decided to get a loan to purchase a few goats.
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Абдумалик кредитуется в нашей организации с 2008 года. Сам Абдумалик работает пастухом в колхозе в его отаре более сотни голов овец. Его стаж в разведении скота более 40 лет. Двое его сыновей находиться в Российской Федерации на заработке. У каждого из них есть свой дом и семьи. В прошлом году была засуха, и ему пришлось покупать корм по высокой цене. Ему приходилось доплачивать пастуху дополнительно, что бы искать корм с водой и скот отводить в более дальние регионы. Учитывая повышения цены к весне, он решил получить кредит на скот, планирует приобрести несколько голов коз.

Additional Information

About MDO Arvand

MDO Arvand is one of the leading microfinance institutions in Tajikistan, offering small loans to entrepreneurs to start and grow their businesses. This makes an enormous difference in a country, which is not only the poorest in Central Asia, but also home to a population where two-thirds live below the poverty line. Today, Tajikistan's economy literally depends on remittances being sent from family members working abroad in Russia because there are so few local job opportunities.

But Arvand loans have been able to make a difference and change lives. Read about some of the incredible success stories they have seen here in this Kiva blog post: Bringing hope to Tajikistan with Arvand -- one success story at a time.

About Tajikistan

  • $1,388
    Average annual income
  • 164
    View loans »
    Tajikistan Loans Fundraising
  • $28,200,875
    Funds lent in using Kiva
  • 4.8
    Tajikistan Somoni (TJS) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,700 helped Abdumalik to purchase goats.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Feb 3, 2012
Listed
Feb 7, 2012
Currency Exchange Loss:
Covered
Ended:
Jul 15, 2012