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Abduaziz

Update on Abduaziz

Abduaziz came to MDO Arvand to bring in autumn merchandise. He repaid his previous loan early and decided to obtain another loan. He sells men's and children's shoes at a market. The rainy and cold season is starting soon, and sales will go well. This is why Abduaziz decided to bring in merchandise now. His wife supports him in the business and sits behind the counter and sells when he travels for merchandise. His children are still small - the oldest is 12 and the youngest is 5 years old. He is saving money for his children's future. The oldest son dreams of getting accepted to a prestigious university and becoming a doctor. This is why Abduaziz wants to obtain a loan to improve his selection and bring in autumn merchandise, and, thus, increase his capital and income.
View original language description ↓
Абдуазиз обратился в МДО "Арванд", чтобы привезти осенний товар. Он досрочно погасив свой предыдущий кредит решил получить очередной кредит. Он торгует на рынке мужской и детской обувью. Скоро начинается сезон дождей и холодов торговля пойдет хорошо, поэтому он решил привезти товар. Его жена поддерживает его в бизнесе, когда Абдуазиз уезжает за товаром, она сидит за прилавком и торгует. Его дети еще молоды, старшему 12 лет а младшему 5 лет. Он копит свои средства, для будущих своих детей. Старший сын мечтает поступить в престижный университет и стать врачом. Поэтому Абдуазиз, хочет получить кредит чтобы улучшить свой ассортимент и привезти осенний товар, и тем самым увеличить свой капитал и доход.

Previous Loan Details

Abduaziz is married and has three children. He has been working with our organization since 2008. He obtains loans for business expansion. Abduaziz's wife helps him with the business and sits behind the counter, when he leaves to acquire merchandise. He has been involved in retail sales for… More from Abduaziz'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
  • 201
    View loans »
    Tajikistan Loans Fundraising
  • $27,720,100
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Abduaziz to purchase autumn merchandise.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 27, 2012
Listed
Oct 18, 2012
Currency Exchange Loss:
N/A
Ended:
Oct 17, 2013