Mirzorahim Rahimov


Status: Paying Back

$3,000.00   Loan Amount
46% repaid

About the Entrepreneur

Name: Mirzorahim Rahimov
Location: Shahrituz, Tajikistan
Activity: Food Market

About the Loan

Loan Amount: $3,000.00
Loan Use: Purchasing flour to increase the stock of goods for selling
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: N/A
Date Listed: Apr 24, 2009
Date Disbursed: Apr 6, 2009
Date Funded:Apr 26, 2009

About the Country

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



Mirzorahim is a businessman from the Pyandj district, where he lives with his wife and six children. He sells mainly flour and also ice cream and soft drinks in the market. Mirzorahim can boast of high sales because his merchandise is regularly restocked and characterized by good quality.


Presently, he is making about $500 each month. Mirzorahim is very honest and polite with both his suppliers and his customers. It has helped him to gain a reputation as a trustworthy and friendly vendor and to build a solid client base.


Mirzorahim is applying for a loan of $3,000 to restock his merchandise for the busy spring season and hopefully generate additional profit. This will be his first loan with IMON international and Kiva, and his evaluation shows he is qualified to receive the loan.


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 BC. 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 Mirzorahim Rahimov


Loan has been disbursed
 
Entrepreneur: Mirzorahim Rahimov
Location: Shahrituz, Tajikistan

Thank you for your loan. It has been disbursed to Mirzorahim Rahimov by IMON International in Tajikistan. We are excited to watch this business grow. Over the 12 months of this loan, IMON International will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Shahrituz, Tajikistan
Apr 27, 2009
Comment on this entry

Kiva Help Repayment Schedule for Mirzorahim Rahimov

  Expected Repayments Actual Repayments Comments
July 2009 $215.42 $215.42 Repayment Received
August 2009 $221.16 $221.16 Repayment Received
September 2009 $227.06 $227.06 Repayment Received
October 2009 $233.12 $233.12 Repayment Received
November 2009 $239.33 $239.33 Repayment Received
December 2009 $245.72 $245.72 Repayment Received
January 2010 $252.27 Available Jan 1  
February 2010 $259.00 Available Feb 1  
March 2010 $265.90 Available Mar 1  
April 2010 $272.99 Available Apr 1  
May 2010 $280.27 Available May 1  
June 2010 $287.76 Available Jun 1