Mahbuba Homidova


Status: Paying Back

$800.00   Loan Amount
63% repaid

About the Entrepreneur

Name: Mahbuba Homidova
Location: Isfara, Tajikistan
Activity: Clothing Sales

About the Loan

Loan Amount: $800.00
Loan Use: Purchasing new wedding dresses
Repayment Term: 11 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: N/A
Date Listed: Apr 16, 2009
Date Disbursed: Apr 13, 2009
Date Funded:Apr 18, 2009

About the Country

Country:Tajikistan
Avg Annual Income:$1,388.00
Currency:United States Dollars (USD)



Homidova Mahbuba is 30 years old. She and her husband have three children. For more than three years, Mahbuba has been running her own business. Mahbuba has a small salon where she sells and rents traditional wedding dresses and national wedding dresses. Traditionally, families in Tajikistan are large, consequently there are lots of marriages and Mahbuba has a lot of clients.


The stability of her business allows her to make a considerable contribution to the family’s income. Today Mahbuba requests $800, which she will use to purchase new wedding dresses. Mahbuba would like to assure all who decide to support her that she will pay the loan in nine months.


More about Tajikistan and IMON International


Tajikistan is known for its rich history, which includes being a key post along the Silk Road and the end of Alexander the Great's rule. It has also produced great thinkers, philosophers, scientists and poets, including Rudaki, Avicenna, Ferdowsi, Omar Khayyam, Jomi, and Rumi. The country is home to communities that still speak the ancient Sogdian language, epic mountain passes, and a civilization that dates back to the 4th millennium B.C. And, even today, it is a complex mixture of the Islamic faith, Soviet culture, New West culture and Central Asian traditions.


But Tajikistan is also the poorest of the former Soviet republics. The civil war, which ignited soon after its independence from the U.S.S.R., further damaged the already weak economy. In addition, 93% of the country is mountainous and only 7% of the land is arable. These conditions have resulted in high levels of unemployment and have forced hundreds of thousands to seek work in other countries, mainly Russia. While the people of Tajikistan are working to improve its agricultural production and manufacturing sector, nearly two-thirds of the population still live in abject poverty.


IMON's History


Since December 2007, IMON International has worked closely with Kiva and Kiva lenders to ensure that poor and low-income clients represent a viable business proposition. Funds raised through Kiva have already been distributed to thousands of IMON International's clients and will continue to provide thousands more with permanent access to the varied financial services they need. To learn more about IMON International's work, please visit: www.imon.tj


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Journal entries for Mahbuba Homidova


Loan has been disbursed
 
Entrepreneur: Mahbuba Homidova
Location: Isfara, Tajikistan

Thank you for your loan. It has been disbursed to Mahbuba Homidova by IMON International in Tajikistan. We are excited to watch this business grow. Over the 9 months of this loan, IMON International will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Isfara, Tajikistan
Apr 19, 2009
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Kiva Help Repayment Schedule for Mahbuba Homidova

  Expected Repayments Actual Repayments Comments
July 2009 $79.28 $79.28 Repayment Received
August 2009 $81.53 $81.53 Repayment Received
September 2009 $83.84 $83.84 Repayment Received
October 2009 $86.22 $86.22 Repayment Received
November 2009 $88.66 $88.66 Repayment Received
December 2009 $91.17 $91.17 Repayment Received
January 2010 $93.75 Available Jan 1  
February 2010 $96.41 Available Feb 1  
March 2010 $99.14 Available Mar 1