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Nazrullo

Update on Nazrullo

Nazrullo has a cafe in the center of his region. He started it many years ago because he needed to work and take care of his family.

After starting the business, the quality of his family's living condition became better. He takes care of the business with his daughters. His working day starts at dawn when he goes to buy the ingredients and continues throughout the day. In his cafe he only provides breakfast and lunch.

Nazrullo wants to improve the service to his customers by buying tables, chairs and accessories to further expand the premises. He is asking for a loan of 15,000 Tajikistani somoni. He awaits your support.

Previous Loan Details

Nazrullo is married and has six children but only three live with him. These three children are still in school and help him with his store. Nazrullo has thirteen years experience with his business selling groceries. With his small savings and on his own initiative, he decided to set up the st... More from Nazrullo's previous loan »

Additional Information

More information about this loan

This loan is part of IMON's effort to expand financial access to rural populations through 16 offices located far from regional centers or main towns. By funding this loan, you are enabling rural populations to gain better financial skills, develop businesses and improve their lives.

About IMON International

IMON International (IMON) is a micro-deposit organization in Tajikistan that provides entrepreneurs with access to high quality financial products and services, including business loans, agriculture loans, consumer loans and micro-leases. Aiming to alleviate poverty, the organization helps unbanked individuals establish businesses in different sectors, including manufacturing, agriculture and service. Kiva lenders’ funds will help the organization to expand its outreach to even more entrepreneurs, farmers and traders in Tajikistan.

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
  • 175
    View loans »
    Tajikistan Loans Fundraising
  • $28,264,200
    Funds lent in using Kiva
  • 4.8
    Tajikistan Somoni (TJS) = $1 USD
Expired
A loan of $3,175 helped Nazrullo to buy tables, chairs and accessories for his cafe.
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 16, 2013
Listed
May 26, 2013
Currency Exchange Loss:
Covered
Expired:
Jun 25, 2013