Fatima Tairova


Status: Paying Back

$925.00   Loan Amount
28% repaid

About the Entrepreneur

Name: Fatima Tairova
Location: Dushanbe, Tajikistan
Activity: Tailoring

About the Loan

Loan Amount: $925.00
Loan Use: To purchase a new sewing machine
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jun 23, 2009
Date Disbursed: Jun 18, 2009
Date Funded:Jun 24, 2009

About the Country

Country:Tajikistan
Avg Annual Income:$1,388.00
Currency:Tajikistan Somoni (TJS)
Exchange Rate:4.4002 TJS = 1 USD



Fatima is a married woman and has one child. Her husband is an ordinary driver and his salary isn’t enough to feed their young family. So, understanding that, Fatima went to learn to sew dresses.

After learning, she bought herself a simple old sewing machine. She started buying fabrics from the market and sewing men’s and women’s national dress on demand. But now she understands that her simple sewing machine is not good enough to sew better-designed dresses. So she decided to purchase a new sewing machine with better technology in order to sew better dresses for her clients.


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 Fatima Tairova


Loan has been disbursed
 
Entrepreneur: Fatima Tairova
Location: Dushanbe, Tajikistan

Thank you for your loan. It has been disbursed to Fatima Tairova 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 Dushanbe, Tajikistan
Jun 25, 2009
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Kiva Help Repayment Schedule for Fatima Tairova

  Expected Repayments Actual Repayments Comments
September 2009 $62.15 $62.15 Repayment Received
October 2009 $64.53 $64.53 Repayment Received
November 2009 $67.01 $67.01 Repayment Received
December 2009 $69.58 $69.58 Repayment Received
January 2010 $72.24 Available Jan 1  
February 2010 $75.01 Available Feb 1  
March 2010 $77.89 Available Mar 1  
April 2010 $80.88 Available Apr 1  
May 2010 $83.98 Available May 1  
June 2010 $87.20 Available Jun 1  
July 2010 $90.54 Available Jul 1  
August 2010 $93.99 Available Aug 1