Manzura Ergasheva


Status: Paying Back

$575.00   Loan Amount
64% repaid

About the Entrepreneur

Name: Manzura Ergasheva
Location: Isfara, Tajikistan
Activity: Animal Sales

About the Loan

Loan Amount: $575.00
Loan Use: To purchasee young cattle to expand the business.
Repayment Term: 8 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jun 17, 2009
Date Disbursed: Jun 9, 2009
Date Funded:Jun 21, 2009

About the Country

Country:Tajikistan
Avg Annual Income:$1,388.00
Currency:Tajikistan Somoni (TJS)
Exchange Rate:4.4005 TJS = 1 USD



Ergasheva Manzura is 47 years old and has raised three children. She has been raising cattle for three years, and the business income allows her to provide for the basic needs of her family. Her husband and children all take part in the farm work and help Manzura pour water and cut grass for the animals. Manzura has been delighted with the recent growth in her cattle farm and is enthusiastic about investing further. She is seeking a loan to buy more young cattle in order to expand her business and earn more.



More about Tajikistan and IMON International

Tajikistan is perhaps best known for its rich history, which includes: its role as a key post along the Silk Road; the end of Alexander the Great's rule; and its famous great thinkers, philosophers, scientists and poets including Rudaki, Ibn Sina (Avicenna), Firdousi, Omar Haiyam, Jomi, Mavlavi Rumi and many others. 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. Even today, it is a complex mixture 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 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, forcing 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 Manzura Ergasheva


Loan has been disbursed
 
Entrepreneur: Manzura Ergasheva
Location: Isfara, Tajikistan

Thank you for your loan. It has been disbursed to Manzura Ergasheva 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 Isfara, Tajikistan
Jun 22, 2009
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Kiva Help Repayment Schedule for Manzura Ergasheva

  Expected Repayments Actual Repayments Comments
September 2009 $87.05 $87.05 Repayment Received
October 2009 $90.39 $90.39 Repayment Received
November 2009 $93.85 $93.85 Repayment Received
December 2009 $97.45 $97.45 Repayment Received
January 2010 $101.19 Available Jan 1  
February 2010 $105.07 Available Feb 1