Abdumutalib Gaforov


Status: Paying Back

$1,500.00   Loan Amount
30% repaid

About the Entrepreneur

Name: Abdumutalib Gaforov
Location: Istaravshan, Tajikistan
Activity: Farming

About the Loan

Loan Amount: $1,500.00
Loan Use: To purchase seeds and fertilizer.
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: N/A
Date Listed: Jun 16, 2009
Date Disbursed: Jun 15, 2009
Date Funded:Jun 26, 2009

About the Country

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



Abdumutalib Gaforov is 38 years old. He lives with his wife and their 4 children. His children are currently in school and help out with the farm work, too. He plans to improve the living conditions of his family. Abdumutalib has been a farmer for 6 years and his hardest time is during the winter when the crops don’t grow well. He began farming with his parents, and now needs a loan to improve production. This is the first time that he will use a loan to improve his crop yield and sales. Abdumutalib will use this loan to buy fertilizers and materials so that he will have a successful crop and he will then sell his production for the best price at the market.

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 Western 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 Abdumutalib Gaforov


Loan has been disbursed
 
Entrepreneur: Abdumutalib Gaforov
Location: Istaravshan, Tajikistan

Thank you for your loan. It has been disbursed to Abdumutalib Gaforov 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 Istaravshan, Tajikistan
Jun 27, 2009
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Kiva Help Repayment Schedule for Abdumutalib Gaforov

  Expected Repayments Actual Repayments Comments
September 2009 $109.76 $109.76 Repayment Received
October 2009 $112.32 $112.32 Repayment Received
November 2009 $114.94 $114.94 Repayment Received
December 2009 $117.62 $117.62 Repayment Received
January 2010 $120.37 Available Jan 1  
February 2010 $123.18 Available Feb 1  
March 2010 $126.05 Available Mar 1  
April 2010 $128.99 Available Apr 1  
May 2010 $132.00 Available May 1  
June 2010 $135.08 Available Jun 1  
July 2010 $138.23 Available Jul 1  
August 2010 $141.46 Available Aug 1