Hidoyat Kahorova


Status: Paying Back

$700.00   Loan Amount
9% repaid

About the Entrepreneur

Name: Hidoyat Kahorova
Location: Kanibadam, Tajikistan
Activity: Food Market

About the Loan

Loan Amount: $700.00
Loan Use: To buy dried apricots
Repayment Term: 11 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Sep 17, 2009
Date Disbursed: Sep 8, 2009
Date Funded:Sep 17, 2009

About the Country

Country:Tajikistan
Avg Annual Income:$1,388.00
Currency:Tajikistan Somoni (TJS)
Exchange Rate:4.3900 TJS = 1 USD



Kahorova Hidoyat is 51 years old. She is married and she uses all the money she makes to care for her children and grandchildren. Hidoyat has 8 years of experience preparing and selling dried apricots. She always makes very productive use of her capital, adding inventory to her supply in a way that allows her to meet her customers' needs. She is also very polite and considerate, and her clients are always very happy with the service they receive from her.

Because her business is doing so well, she is increasing her net worth month by month. Today, Hidoyat is requesting 3000 Somoni to purchase dried apricots. She will use the loan to process the apricots in order increase the range of goods that she sells. Hidoyat expresses her gratitude for everyone who is supporting her and promises to repay her loan in a timely manner.


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 Hidoyat Kahorova


Loan has been disbursed
 
Entrepreneur: Hidoyat Kahorova
Location: Kanibadam, Tajikistan

Thank you for your loan. It has been disbursed to Hidoyat Kahorova 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 Kanibadam, Tajikistan
Sep 18, 2009
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Kiva Help Repayment Schedule for Hidoyat Kahorova

  Expected Repayments Actual Repayments Comments
December 2009 $66.15 $66.15 Repayment Received
January 2010 $68.79 Available Jan 1  
February 2010 $71.54 Available Feb 1  
March 2010 $74.40 Available Mar 1  
April 2010 $77.38 Available Apr 1  
May 2010 $80.48 Available May 1  
June 2010 $83.70 Available Jun 1  
July 2010 $87.04 Available Jul 1  
August 2010 $90.52 Available Aug 1