Narzullo Babaev


Status: Paying Back

$2,000.00   Loan Amount
0% repaid

About the Entrepreneur

Name: Narzullo Babaev
Location: Istaravshan, Tajikistan
Activity: Farming

About the Loan

Loan Amount: $2,000.00
Loan Use: Purchasing seeds and fertilizer
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: N/A
Date Listed: Sep 11, 2009
Date Disbursed: Sep 8, 2009
Date Funded:Sep 26, 2009

About the Country

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



Babaev Narzullo is 46 years old. He has lived for 20 years with the mother of his three children. His parents taught him the art of cultivating the land and he has always tried to sow his hectares so that he would have a crop in every season.



At this time Narzullo is sowing potatoes and wheat. He says that agricultural work needs much patience and luck, because there are seasons where there is no profit and other seasons are very good but either way he has to keep sowing, profitable or not.



Narzullo is a client who is now working for the third time with IMON International, being very responsible in his payments. He asked for a loan of 2000 USD that will be invested in his crop supplies. Be an important part of the growth of Narzullo’s business!




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 Narzullo Babaev


Loan has been disbursed
 
Entrepreneur: Narzullo Babaev
Location: Istaravshan, Tajikistan

Thank you for your loan. It has been disbursed to Narzullo Babaev 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 Istaravshan, Tajikistan
Sep 28, 2009
Comment on this entry

Kiva Help Repayment Schedule for Narzullo Babaev

  Expected Repayments Actual Repayments Comments
February 2010 $179.88 Available Feb 1  
March 2010 $184.08 Available Mar 1  
April 2010 $188.38 Available Apr 1  
May 2010 $192.77 Available May 1  
June 2010 $197.27 Available Jun 1  
July 2010 $201.87 Available Jul 1  
August 2010 $206.58 Available Aug 1  
September 2010 $211.40 Available Sep 1  
October 2010 $216.34 Available Oct 1  
November 2010 $221.43 Available Nov 1