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Gani

Update on Gani

Gani has been partnering with our organization since 2007. It is now a season of summer shoes. He accepted an order for men's shoes until the summer. Gani's wife works at a textile factory. His son helps with the shoe sales. Gani also has another business - he helps his brother to sell medicines. Gani delivers his merchandise and also delivers medicines for his brother to sell. Currently, Gani wants to obtain a loan to purchase seasonal merchandise.
View original language description ↓
Гани сотрудничает с нашей организацией с 2007 года. Настоящее время у него сезон летней обуви. Он принял заказ на мужскую обувь до лета. Жена Гани работает на текстильной фабрике. Сын помогает в торговле обуви. Также у Гани есть еще один бизнес, он помогает брату реализовывать медикаменты. Он привозит свой товар а также привозит брату лекарства для продажи. В настоящий момент он хочет получит кредит для покупки сезонного товара.

Previous Loan Details

Gani was born in 1960, he is married and has 5 children. Gani sells footwear at the market and has over 10 years of experience doing this. Unfortunately, a recent fire at his stall destroyed almost half of his merchandise. Gani would like to obtain a new loan to replace the lost goods. He needs t... More from Gani'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

  • $2,700
    Average annual income
  • 185
    View loans »
    Tajikistan Loans Fundraising
  • $29,365,550
    Funds lent in using Kiva
  • 4.8
    Tajikistan Somoni (TJS) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,125 helped Gani to purchase seasonal merchandise.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 13, 2012
Listed
Apr 25, 2012
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2012