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Muzafar is a forty year old man. He is married and has three children. He has a shop he built in his home. Twelve years ago he got the idea to build a grocery store at home. Now, his wife always minds the store and helps her husband develop the business. Muzafar goes to the city to buy products from the city market. His shop stocks drinks, ice cream, and other products. But it is getting colder and Muzafar has decided to upgrade his products and shop. He plans to make the shop warmer in the winter. He doesn't have enough savings to do this. so he approached the company Arvand for a loan.
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Музафар мужчина в возрасте 40 лет, женат имеет 3 детей. У него есть магазин который он построил у своего дома. 12 лет назад ему пришла идея посторить свой собственный подуктовый магазин. Теперь его жена постоянно сидит в этом магазине и помогает мужу в развитии бизнеса. Музафар сам ездит за товаром на городской рынок и привозит с рынка необходимый товар. В его магазине есть напитки, мороженное, и другие продукты. Но уже начитнает холодать и Музафар решил обновить свой товар и помещение. Он планиует в эту зиму сделать помещение более теплым. Накопленные средства недостаточны для реализации его планов. Поэтому он обращяется за кредитом в Арванд.

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
  • 262
    View loans »
    Tajikistan Loans Fundraising
  • $31,844,575
    Funds lent in using Kiva
  • 4.8
    Tajikistan Somoni (TJS) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,475 helped Muzafar buy goods for resale.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Sep 25, 2013
Sep 25, 2013
Currency Exchange Loss:
Jan 17, 2015