Bahorgul Kurbonova


Status: Paying Back

$1,175.00   Loan Amount
81% repaid

About the Entrepreneur

Name: Bahorgul Kurbonova
Location: Shahrituz, Tajikistan
Activity: Retail

About the Loan

Loan Amount: $1,175.00
Loan Use: To purchase more products to sell in the local market.
Repayment Term: 8 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: May 25, 2009
Date Disbursed: May 19, 2009
Date Funded:May 25, 2009

About the Country

Country:Tajikistan
Avg Annual Income:$1,388.00
Currency:Tajikistan Somoni (TJS)
Exchange Rate:4.3307 TJS = 1 USD



Bahorgul Kurbonova is a 61-year-old widow raising her two children. Bahorgul is a hard-working woman who has fought hard to provide for her family and educate her children, who today are working adults thanks to her example. Bahorgul has been running her own small business for 15 years already and now her son (pictured) helps with her business. She works from 8am to 5pm at her place in the central local market selling products such as macaroni, soil, sugar, spice, detergent and other items. Now Bahorgul requests a loan in the amount of 5000 TJS so she can purchase more types of items to sell. Bahorgul and her family are sincerely grateful for your support.

More about Tajikistan and IMON International

Tajikistan is known for its rich history, which includes a being 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 Bahorgul Kurbonova


Loan has been disbursed
 
Entrepreneur: Bahorgul Kurbonova
Location: Shahrituz, Tajikistan

Thank you for your loan. It has been disbursed to Bahorgul Kurbonova by IMON International in Tajikistan. We are excited to watch this business grow. Over the 6 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
May 26, 2009
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Kiva Help Repayment Schedule for Bahorgul Kurbonova

  Expected Repayments Actual Repayments Comments
August 2009 $177.89 $177.89 Repayment Received
September 2009 $184.71 $184.71 Repayment Received
October 2009 $191.79 $191.79 Repayment Received
November 2009 $199.14 $199.14 Repayment Received
December 2009 $206.77 $206.77 Repayment Received
January 2010 $214.70 Available Jan 1