Inoyatkhon Tursunova


Status: Paying Back

$2,750.00   Loan Amount
64% repaid

About the Entrepreneur

Name: Inoyatkhon Tursunova
Location: Dushanbe, Tajikistan
Activity: Clothing Sales

About the Loan

Loan Amount: $2,750.00
Loan Use: To purchase more clothing to sell
Repayment Term: 8 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jun 19, 2009
Date Disbursed: Jun 11, 2009
Date Funded:Jun 20, 2009

About the Country

Country:Tajikistan
Avg Annual Income:$1,388.00
Currency:Tajikistan Somoni (TJS)
Exchange Rate:4.4006 TJS = 1 USD



Inoyatkhon is a sharp, energetic entrepreneur from Dushanbe, Tajikistan. She started her own clothing business sixteen years ago and has been building a successful enterprise. She has a good location in the market for her sales and creates an attractive display of clothing for passing customers. She is a married woman with two children. The income she is able to make is a help to her to support her children with a proper education.

Inoyatkhon has requested a loan of 12,000 Somoni so that she can purchase an inventory of new clothing. This loan will allow her to increase her income by having the right clothing available to meet seasonal demand. Over the last four years, She has proven to be a great loan client with IMON International. We are glad to have this new opportunity to continue assisting her with her business.


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 Inoyatkhon Tursunova


Loan has been disbursed
 
Entrepreneur: Inoyatkhon Tursunova
Location: Dushanbe, Tajikistan

Thank you for your loan. It has been disbursed to Inoyatkhon Tursunova 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 Dushanbe, Tajikistan
Jun 21, 2009
Comment on this entry

Kiva Help Repayment Schedule for Inoyatkhon Tursunova

  Expected Repayments Actual Repayments Comments
September 2009 $416.34 $416.34 Repayment Received
October 2009 $432.30 $432.30 Repayment Received
November 2009 $448.87 $448.87 Repayment Received
December 2009 $466.07 $466.07 Repayment Received
January 2010 $483.94 Available Jan 1  
February 2010 $502.48 Available Feb 1