Habib Poshoev


Status: Paying Back

$2,500.00   Loan Amount
0% repaid

About the Entrepreneur

Name: Habib Poshoev
Location: Istaravshan, Tajikistan
Activity: Farming

About the Loan

Loan Amount: $2,500.00
Loan Use: To purchase seeds and fertilizer
Repayment Term: 12 months - View details below
Lenders Repaid: Irregularly
Currency Exchange Loss: N/A
Date Listed: Aug 22, 2009
Date Disbursed: Aug 19, 2009
Date Funded:Aug 23, 2009

About the Country

Country:Tajikistan
Avg Annual Income:$1,388.00
Currency:United States Dollars (USD)



Poshoev Habib lives with his family in Istaravshan town. Through much effort he dedicates himself to the production of grapes. He tends to his crop himself, with the help of his son.

One of Habib’s biggest problems is the harvesting of his product and, due to distance, he sells his crop piecemeal which reduces his income which he uses to support his family.

Habib has asked for a loan of 2,500 USD that will be used for the purchase of seeds and fertilizer. This will allow him greater earnings which, in turn, would improve his family’s standard of living. His biggest desire is to participate in this future venture so he can improve his profits and provide a better life for his 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 Habib Poshoev


Loan has been disbursed
 
Entrepreneur: Habib Poshoev
Location: Istaravshan, Tajikistan

Thank you for your loan. It has been disbursed to Habib Poshoev 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 Istaravshan, Tajikistan
Aug 24, 2009
Comment on this entry

Kiva Help Repayment Schedule for Habib Poshoev

  Expected Repayments Actual Repayments Comments
March 2010 $393.02 Available Mar 1  
April 2010 $402.19 Available Apr 1  
May 2010 $411.57 Available May 1  
June 2010 $421.17 Available Jun 1  
July 2010 $431.00 Available Jul 1  
August 2010 $441.05 Available Aug 1