Inobat Akhmedova


Status: Paying Back

$800.00   Loan Amount
35% repaid

About the Entrepreneur

Name: Inobat Akhmedova
Location: Isfara, Tajikistan
Activity: Clothing Sales

About the Loan

Loan Amount: $800.00
Loan Use: To purchase clothes to sell for the summer season
Repayment Term: 12 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jun 16, 2009
Date Disbursed: Jun 15, 2009
Date Funded:Jun 23, 2009

About the Country

Country:Tajikistan
Avg Annual Income:$1,388.00
Currency:Tajikistan Somoni (TJS)
Exchange Rate:4.4001 TJS = 1 USD



Akhmedova Inobat is married and has two grown children. She owns a little place at the central market in the town of Isfara where she sells various types of clothing. Some of the advantages of her business are variety, consistency, and affordable prices. Inobat has been working in this business for ten years. She is always seeking to grow and develop her business, and improve her entrepreneurial skills. Currently, Inobat is requesting a loan of 3500 TJS to purchase more goods for the summer season. She hopes to increase her income and improve her family’s financial situation.


More about Tajikistan

Tajikistan, a key post on the Silk Road, is perhaps best known for its rich history. It was the location for the end of Alexander the Great's rule, and is known for its great thinkers, philosophers, scientists and poets such as Rudaki, Ibn Sina (Avicenna), Firdousi, Omar Haiyam, Jomi, Mavlavi Rumi and many others. The country, with its epic mountain passes, is home to communities that still speak the ancient Sogdian language and a civilization that dates back to the fourth millennium BC. Even today, it is a complex mix of the Islamic faith, Soviet culture, New West culture and Central Asian traditions.


However, Tajikistan is also the poorest of the former Soviet republics. The civil war, which ignited soon after its independence from the USSR, damaged the already weak economy. In addition, 93 per cent of the country is mountainous and only 7 per cent of the land is arable. These conditions have resulted in high levels of unemployment and have forced hundreds of thousands of people 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.


More about IMON International

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 Inobat Akhmedova


Loan has been disbursed
 
Entrepreneur: Inobat Akhmedova
Location: Isfara, Tajikistan

Thank you for your loan. It has been disbursed to Inobat Akhmedova by IMON International in Tajikistan. We are excited to watch this business grow. Over the 10 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
Jun 24, 2009
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Kiva Help Repayment Schedule for Inobat Akhmedova

  Expected Repayments Actual Repayments Comments
September 2009 $66.63 $66.63 Repayment Received
October 2009 $69.30 $69.30 Repayment Received
November 2009 $72.07 $72.07 Repayment Received
December 2009 $74.95 $74.95 Repayment Received
January 2010 $77.95 Available Jan 1  
February 2010 $81.07 Available Feb 1  
March 2010 $84.31 Available Mar 1  
April 2010 $87.68 Available Apr 1  
May 2010 $91.19 Available May 1  
June 2010 $94.85 Available Jun 1