Nasiba Arabova


Status: Paying Back

$775.00   Loan Amount
29% repaid

About the Entrepreneur

Name: Nasiba Arabova
Location: Shahrituz, Tajikistan
Activity: Clothing Sales

About the Loan

Loan Amount: $775.00
Loan Use: To purchase a new vending facility
Repayment Term: 11 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jul 14, 2009
Date Disbursed: Jul 8, 2009
Date Funded:Jul 26, 2009

About the Country

Country:Tajikistan
Avg Annual Income:$1,388.00
Currency:Tajikistan Somoni (TJS)
Exchange Rate:4.3914 TJS = 1 USD



For the past eight years, Nasiba has been selling kid’s clothing in the central market of Shahrituz. Nasiba is married and the mother of seven children. She is determined to make a better living for the entire family. Nasiba is hardworking and kind, giving her the ideal blend of entrepreneurial determination and service. Skilled in trade and abounding in character, Nasiba has both a strong customer base and a perfect credit history with IMON International. Currently, she is seeking a loan of 3400 Somoni to purchase a new vending facility and expand her business. With the increased income, Nasiba plans to continue growing her business and to improve the financial situation of her family.


More about Tajikistan and IMON International:

Tajikistan is perhaps best known for its epic mountain passes and its rich history which includes its place as a key post along the Silk Road and events at the end of Alexander the Great's rule. It has produced famous thinkers, philosophers, scientists and poets, such as 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 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.


But Tajikistan is also the poorest of the former Soviet republics. A civil war, which ignited soon after its independence from the U.S.S.R., further damaged an 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 productivity and the 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 viable business prospects. 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 Nasiba Arabova


Loan has been disbursed
 
Entrepreneur: Nasiba Arabova
Location: Shahrituz, Tajikistan

Thank you for your loan. It has been disbursed to Nasiba Arabova by IMON International in Tajikistan. We are excited to watch this business grow. Over the 9 months of this loan, IMON International will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Shahrituz, Tajikistan
Jul 27, 2009
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Kiva Help Repayment Schedule for Nasiba Arabova

  Expected Repayments Actual Repayments Comments
October 2009 $73.23 $73.23 Repayment Received
November 2009 $76.16 $76.16 Repayment Received
December 2009 $79.21 $79.21 Repayment Received
January 2010 $82.38 Available Jan 1  
February 2010 $85.67 Available Feb 1  
March 2010 $89.10 Available Mar 1  
April 2010 $92.66 Available Apr 1  
May 2010 $96.37 Available May 1  
June 2010 $100.22 Available Jun 1