Farrukh Rahimov


Status: Paying Back

$1,150.00   Loan Amount
58% repaid

About the Entrepreneur

Name: Farrukh Rahimov
Location: Tursunzade, Tajikistan
Activity: Bakery

About the Loan

Loan Amount: $1,150.00
Loan Use: To purchase flour wholesale for baking the national bread “lepeshka”
Repayment Term: 10 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jun 5, 2009
Date Disbursed: May 20, 2009
Date Funded:Jun 19, 2009

About the Country

Country:Tajikistan
Avg Annual Income:$1,388.00
Currency:Tajikistan Somoni (TJS)
Exchange Rate:4.3804 TJS = 1 USD



Rahimov Farrukh is 25 years old and, together with his wife, they have two children.

Farrukh is an experienced bread baker and has been doing this business for more than seven years. He bakes the national bread “lepeshka” at home and his wife helps him with his business. Having many customers, Farrukh sells the majority of his products just from his place. However, he is also running a trading place in the central local market.

Now Farrukh requests 5,000 Somoni in order to purchase flour wholesale as required for his business. He is grateful for all those supporting him and promises to manage the loan with accuracy.


More about Tajikistan and IMON International
Tajikistan is known for its rich history, which includes 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 Farrukh Rahimov


Loan has been disbursed
 
Entrepreneur: Farrukh Rahimov
Location: Tursunzade, Tajikistan

Thank you for your loan. It has been disbursed to Farrukh Rahimov by IMON International in Tajikistan. We are excited to watch this business grow. Over the 8 months of this loan, IMON International will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Tursunzade, Tajikistan
Jun 20, 2009
Comment on this entry

Kiva Help Repayment Schedule for Farrukh Rahimov

  Expected Repayments Actual Repayments Comments
August 2009 $125.55 $125.55 Repayment Received
September 2009 $130.36 $130.36 Repayment Received
October 2009 $135.36 $135.36 Repayment Received
November 2009 $140.55 $140.55 Repayment Received
December 2009 $145.94 $145.94 Repayment Received
January 2010 $151.53 Available Jan 1  
February 2010 $157.34 Available Feb 1  
March 2010 $163.37 Available Mar 1