Normumin Djumaev


Status: Paying Back

$800.00   Loan Amount
20% repaid

About the Entrepreneur

Name: Normumin Djumaev
Location: Shahrituz, Tajikistan
Activity: Manufacturing

About the Loan

Loan Amount: $800.00
Loan Use: Purchase raw material for production of the chest.
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jul 27, 2009
Date Disbursed: Jul 21, 2009
Date Funded:Jul 27, 2009

About the Country

Country:Tajikistan
Avg Annual Income:$1,388.00
Currency:Tajikistan Somoni (TJS)
Exchange Rate:4.3907 TJS = 1 USD



Djumaev Normumin is 52 years old. He is married and has seven children. Normumin produced the national chest box used to save the dowry of brides. The national chest in Tajikistan is made of wood and very colorful. Normumin has been in this business for 20 years. He strives to improve his family's living conditions.


Because of the high demand for his products, Normumin requests a loan of 3500 Somoni to purchase raw material to produce more chests. Normumin thanks all lenders who are giving him a chance to get ahead.
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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 Normumin Djumaev


Loan has been disbursed
 
Entrepreneur: Normumin Djumaev
Location: Shahrituz, Tajikistan

Thank you for your loan. It has been disbursed to Normumin Djumaev 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 Shahrituz, Tajikistan
Jul 28, 2009
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Kiva Help Repayment Schedule for Normumin Djumaev

  Expected Repayments Actual Repayments Comments
October 2009 $53.24 $53.24 Repayment Received
November 2009 $55.37 $55.37 Repayment Received
December 2009 $57.59 $57.59 Repayment Received
January 2010 $59.89 Available Jan 1  
February 2010 $62.28 Available Feb 1  
March 2010 $64.78 Available Mar 1  
April 2010 $67.37 Available Apr 1  
May 2010 $70.06 Available May 1  
June 2010 $72.86 Available Jun 1  
July 2010 $75.78 Available Jul 1  
August 2010 $78.81 Available Aug 1  
September 2010 $81.97 Available Sep 1