Mumin Isroilov


Status: Paying Back

$1,000.00   Loan Amount
19% repaid

About the Entrepreneur

Name: Mumin Isroilov
Location: Gafurov, Tajikistan
Activity: Cattle

About the Loan

Loan Amount: $1,000.00
Loan Use: Purchasing calves to expand the business.
Repayment Term: 11 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Aug 24, 2009
Date Disbursed: Aug 20, 2009
Date Funded:Aug 28, 2009

About the Country

Country:Tajikistan
Avg Annual Income:$1,388.00
Currency:Tajikistan Somoni (TJS)
Exchange Rate:4.3897 TJS = 1 USD



For the past 20 years, Mumin has worked in agriculture, raising animals. He raises cattle which he cares for greatly since thanks to them, he can cover his household expenses. Mumin showed us his animals with great happiness as his cattle were about to be vaccinated against the various sicknesses that affect that type of livestock. For Mumin, it is very important to work raising his animals which is why he is currently seeking a loan in order to purchase additional cattle so as to earn more money in future. That will help his family to generate additional income. We appreciate your support for Mumin’s projects.




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 Mumin Isroilov


Loan has been disbursed
 
Entrepreneur: Mumin Isroilov
Location: Gafurov, Tajikistan

Thank you for your loan. It has been disbursed to Mumin Isroilov 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 Gafurov, Tajikistan
Aug 29, 2009
Comment on this entry

Kiva Help Repayment Schedule for Mumin Isroilov

  Expected Repayments Actual Repayments Comments
November 2009 $94.49 $94.49 Repayment Received
December 2009 $98.28 $98.28 Repayment Received
January 2010 $102.20 Available Jan 1  
February 2010 $106.29 Available Feb 1  
March 2010 $110.54 Available Mar 1  
April 2010 $114.97 Available Apr 1  
May 2010 $119.56 Available May 1  
June 2010 $124.35 Available Jun 1  
July 2010 $129.32 Available Jul 1