Noroy Rahmonova


Status: Paying Back

$2,525.00   Loan Amount
13% repaid

About the Entrepreneur

Name: Noroy Rahmonova
Location: Tursunzade, Tajikistan
Activity: Grocery Store

About the Loan

Loan Amount: $2,525.00
Loan Use: To increase her assortment of fresh merchandise and to expand her business
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Aug 13, 2009
Date Disbursed: Aug 5, 2009
Date Funded:Aug 30, 2009

About the Country

Country:Tajikistan
Avg Annual Income:$1,388.00
Currency:Tajikistan Somoni (TJS)
Exchange Rate:4.3901 TJS = 1 USD



Rahmonova Noroy has been selling a big variety of foodstuffs in her grocery store for the past twenty years. She is married and has six children.

A true entrepreneur, she studies the market to determine client needs and preferences. Industrious and enterprising, Noroy is focused on expanding her business.

Noroy is currently seeking a loan of 11,000 Somoni. She plans to use the loan to increase her assortment of fresh merchandise and to expand her business. With the increased sales and profits, Noroy hopes to expand her grocery and improve the living standard of her family.


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 Noroy Rahmonova


Loan has been disbursed
 
Entrepreneur: Noroy Rahmonova
Location: Tursunzade, Tajikistan

Thank you for your loan. It has been disbursed to Noroy Rahmonova 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 Tursunzade, Tajikistan
Aug 31, 2009
Comments (1)

Kiva Help Repayment Schedule for Noroy Rahmonova

  Expected Repayments Actual Repayments Comments
November 2009 $168.04 $168.04 Repayment Received
December 2009 $174.77 $174.77 Repayment Received
January 2010 $181.75 Available Jan 1  
February 2010 $189.03 Available Feb 1  
March 2010 $196.59 Available Mar 1  
April 2010 $204.45 Available Apr 1  
May 2010 $212.63 Available May 1  
June 2010 $221.13 Available Jun 1  
July 2010 $229.98 Available Jul 1  
August 2010 $239.18 Available Aug 1  
September 2010 $248.74 Available Sep 1  
October 2010 $258.71 Available Oct 1