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Olimjon

Update on Olimjon

Olimjon was born and grew up in a rural area. Because animal husbandry is one of the primary types of work among the village residents, he has a lot of experience taking care of livestock. Olimjon is currently 46 years old, married and has four children. His family, like many others, is involved in breeding cattle and producing milk. His oldest son went to Kazakhstan to find work. The rest of the children help Olimjon. To provide for his family and future for his gransons, Olimjon has to expand his business and, with the onset of cold weather, stock up on feed for the winter. Some of his friends recommended that he obtained a loan from MDO Arvand. Olimjon decided to obtain a loan from MDO Arvand and put in his request. He plans to use the loan to buy livestock and a large quantity of livestock feed. He is very grateful in advance to MDO Arvand for the financial support.
View original language description ↓
Олимчон родился и вырос в сельской местности. Поскольку животноводство является одним из основных видов работ среди жителей их села, он имеет больше опыта, как заботиться о скоте. Олимчону сейчас 46 лет, женат, имеет четверых детей. Его семья, как и многие другие, занимаются разведения крупного рогатого скота и производства молока. Его старший сын уехал в Казахстан, чтобы найти работу. Остальные дети помогают Олимчону .
В целях обеспечения своей семьи и будущего своих внуков, Олимчон должен расширить свой бизнес, и с наступления холодов, они должны запастись корма на зиму. Некоторые из его знакомых рекомендовали, что бы он получить кредит от МДО Арванд. Олимчон решили взять кредит от МДО Арванд и подал свою заявку. Он планирует использовать средства, чтобы купить скот и корм для скота в большом количестве. Он очень благодарен МДО АРВАНД заранее за финансовую поддержку.

Previous Loan Details

Olimjon is a 44-year-old man. He is married and has 4 children. Olimjon works as a shepherd at a farm. Having a lot of experience with livestock, he also keeps sheep, goats and a cow at home. His wife and eldest son help him take care of the animals. Olimjon's wife also sells milk and dairy produ... More from Olimjon'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.

Tags

About Tajikistan

  • $1,388
    Average annual income
  • 280
    View loans »
    Tajikistan Loans Fundraising
  • $28,697,975
    Funds lent in using Kiva
  • 4.8
    Tajikistan Somoni (TJS) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,625 helped Olimjon to buy livestock and a large quantity of livestock feed.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Dec 12, 2013
Listed
Dec 23, 2013
Currency Exchange Loss:
Covered
Ended:
Dec 17, 2014