Zokir Mirzoev


Status: Paying Back

$1,500.00   Loan Amount
23% repaid

About the Entrepreneur

Name: Zokir Mirzoev
Location: Istaravshan, Tajikistan
Activity: Bakery

About the Loan

Loan Amount: $1,500.00
Loan Use: Purchasing flour wholesale for baking “lepeshka”
Repayment Term: 13 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jul 10, 2009
Date Disbursed: Jul 3, 2009
Date Funded:Jul 11, 2009

About the Country

Country:Tajikistan
Avg Annual Income:$1,388.00
Currency:Tajikistan Somoni (TJS)
Exchange Rate:4.4003 TJS = 1 USD



Mirzoev Zokir is 31 years old. He is married with 3 children. For more than 10 years, Zokir has been working at baking “lepeshka”- traditional bread. He believes that this business is profitable and is not subject to seasonality. He gets up early and bakes the lepeshka and other bread so that people have the fresh bread on their tables for breakfast. All the input materials like flour, salt, and yeast he purchases in the local market.



Now due to high demand, Zokir wants to increase the number of his breads he bakes so he is requesting a loan of 6500 Somoni. The loan will be spend for purchasing flour and charcoal for baking the “lepeshka”. Zokir deeply appreciates the trust and support you are giving him.




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 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 Zokir Mirzoev


Loan has been disbursed
 
Entrepreneur: Zokir Mirzoev
Location: Istaravshan, Tajikistan

Thank you for your loan. It has been disbursed to Zokir Mirzoev by IMON International in Tajikistan. We are excited to watch this business grow. Over the 11 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
Jul 12, 2009
Comment on this entry

Kiva Help Repayment Schedule for Zokir Mirzoev

  Expected Repayments Actual Repayments Comments
October 2009 $111.22 $111.22 Repayment Received
November 2009 $115.67 $115.67 Repayment Received
December 2009 $120.30 $120.30 Repayment Received
January 2010 $125.11 Available Jan 1  
February 2010 $130.12 Available Feb 1  
March 2010 $135.32 Available Mar 1  
April 2010 $140.73 Available Apr 1  
May 2010 $146.36 Available May 1  
June 2010 $152.22 Available Jun 1  
July 2010 $158.31 Available Jul 1  
August 2010 $164.64 Available Aug 1