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Mavchuda

Update on Mavchuda

Mavchuda successfully repaid her latest loan and has decided to make another loan request. Mavchuda can be congratulated on the birth of a grandson. She is very glad that her daughter had no problems giving birth to her long-awaited baby boy. Once her daughter was released from the hospital, Mavchuda resumed her clothing sales with a calm heart. After receiving her loan, she is planning to travel to Istaravshan to buy a spring and summer assortment of merchandise.
View original language description ↓
Мавчуда удачно закончив свой очередной кредит решила подать повторную заявку на получение займа.Мавчуду можно поздравить с рождением внука. Она очень рада , что её дочь без проблем родила долгожданного сынулю.После выписки дочери,Мавчуда со спокойной душой начала продолжать свою торговлю, и получив кредит она планирует съездить за товаром в Истаравшан и завезти весенне- летний ассортимент товаров.

Previous Loan Details

Mavchuda is a 47 year-old woman, who sells women's undergarments and women's leggings and stockings. She has three adult children - one daughter and two sons, all of whom already have their own families. Mavchuda has been divorced from her husband for a long time. Her oldest son works in the… More from Mavchuda's previous loan »

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.

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
  • 127
    View loans »
    Tajikistan Loans Fundraising
  • $27,951,725
    Funds lent in using Kiva
  • 4.8
    Tajikistan Somoni (TJS) = $1 USD

Success!! The loan was 100% repaid

A loan of $550 helped Mavchuda to purchase a new assortment of clothing.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 2, 2012
Listed
Apr 7, 2012
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2013
This photo was used before for a previous loan for Mavchuda. It was first posted on Kiva on Nov, 2011. Learn More