Gulniso Kholnazarova


Status: Paying Back

$700.00   Loan Amount
28% repaid

About the Entrepreneur

Name: Gulniso Kholnazarova
Location: Shahrituz, Tajikistan
Activity: Grocery Store

About the Loan

Loan Amount: $700.00
Loan Use: purchasing foodstuffs to increase the range of goods she sells
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jun 9, 2009
Date Disbursed: Jun 8, 2009
Date Funded:Jun 21, 2009

About the Country

Country:Tajikistan
Avg Annual Income:$1,388.00
Currency:Tajikistan Somoni (TJS)
Exchange Rate:4.3912 TJS = 1 USD



Kholnazarova Gulniso is a hard worker and a "person in charge"; she is married and has three children. Her husband receives a very low wage, not enough for all the expenses of his family. For that reason, Gulniso found it necessary to also enter the family business.



Gulniso began to sell foodstuffs in a little grocery store. This has been a fundamental piece in the growth of this business; together, they have managed to advance it. At this moment, Gulniso is asking for a loan of 3000 Somoni that she will use in the extension of her business to be able to offer better service to her customers and to improve the looks of her store. Gulniso thanks you very much for the confidence and aid that you offer her.



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 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 Gulniso Kholnazarova


Loan has been disbursed
 
Entrepreneur: Gulniso Kholnazarova
Location: Shahrituz, Tajikistan

Thank you for your loan. It has been disbursed to Gulniso Kholnazarova 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
Jun 22, 2009
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Kiva Help Repayment Schedule for Gulniso Kholnazarova

  Expected Repayments Actual Repayments Comments
September 2009 $47.03 $47.03 Repayment Received
October 2009 $48.84 $48.84 Repayment Received
November 2009 $50.71 $50.71 Repayment Received
December 2009 $52.65 $52.65 Repayment Received
January 2010 $54.67 Available Jan 1  
February 2010 $56.77 Available Feb 1  
March 2010 $58.94 Available Mar 1  
April 2010 $61.20 Available Apr 1  
May 2010 $63.55 Available May 1  
June 2010 $65.98 Available Jun 1  
July 2010 $68.51 Available Jul 1  
August 2010 $71.15 Available Aug 1