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Ravshanbek
Ravshanbek is a hard-working, intelligent man 45 years of age. He has five children. 19 years ago, while looking for a source of income, Ravshanbek set up his own business at the food market. The business grew steadily year after year. Using his profits, Ravshanbek was able to repair his home, pay for his children's education, and buy his own store. He has always dreamed of giving his children a good education, and is now able to do it thanks to financial organizations such as MDO Arvand. Ravshanbek would like to use this loan to increase his merchandise turnover during the summer season.
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Равшанбек трудолюбивый,умный мужчина в возрасте 45 лет,имеет пятерых детей.В поисках источника дохода 19 лет назад он начал свой бизнес на продовольственном рынке.С тех пор год за годом у него расширяется бизнес.На полученный доходы он отремонтировал дом,оплатил учебы своих детей и купил магазин.Он всегда мечтал обучить своих детей в учебных заведениях и у него это получилась благодаря таким финансовым организациям как "Арванд". На очередной кредит он хочет приобрести продовольственные товары и расширить свой бизнес.

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
  • 290
    View loans »
    Tajikistan Loans Fundraising
  • $28,631,950
    Funds lent in using Kiva
  • 4.8
    Tajikistan Somoni (TJS) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,050 helped Ravshanbek to purchase additional inventory and increase merchandise turnover in his food shop.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 4, 2012
Listed
Jul 1, 2012
Currency Exchange Loss:
Covered
Ended:
Oct 15, 2012