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Rafoat is 51 years old, married and has three children. Her husband works at a factory. She sells cakes and pastries. Bakeries deliver products to her, and she sells them. Rafoat has been in the business for 15 years and has been partnering with our organization since 2010. This is a good season for sales. New Year's holiday is coming up, and she plans to sells almost all of her products. According to Rafoat, she sells over 20 cakes and several boxes of confectionery goods every day. She has regular customers, who come not only from the cities, but from remote districts. Because she has a large order for cakes, she needs cash, and this is why she is requesting this loan from us.
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Рафоат 51 год, замужем, имеет 3 детей. Муж работает на заводе. Она торгует тортами и пирожными. Кондитерские цеха привозят ей товар, и она их продает. Рафоат в бизнесе 15 лет, а с нашей организацией сотрудничает с 2010 года. Сейчас у нее сезон в торговле. Впереди Новый год и она планирует реализовать почти весь товар. По ее словам каждый день она продает более 20 тортов и несколько коробок с кондитерскими изделиями. У нее есть постоянные клиенты не только с городов но и с дальних районов. Так как сейчас у нее есть большой заказ на торты, для этого ей нужны были наличные деньги, поэтому она получает у нас кредит.

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

  • $2,700
    Average annual income
  • 206
    View loans »
    Tajikistan Loans Fundraising
  • $32,074,750
    Funds lent in using Kiva
  • 4.8
    Tajikistan Somoni (TJS) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,125 helped Rafoat to purchase cakes and pastries.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Dec 1, 2011
Dec 23, 2011
Currency Exchange Loss:
Dec 15, 2012