Bostonoy Mukhsumova


Status: Paying Back

$575.00   Loan Amount
9% repaid

About the Entrepreneur

Name: Bostonoy Mukhsumova
Location: Kanibadam, Tajikistan
Activity: Food Market

About the Loan

Loan Amount: $575.00
Loan Use: To purchase manufactured products for increasing her range of goods
Repayment Term: 11 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Sep 16, 2009
Date Disbursed: Sep 8, 2009
Date Funded:Sep 16, 2009

About the Country

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



Bostonoy is a very diligent mother with big plans for her business. For the past seven years she has been dedicated to the buying and selling of manufactured products. She carries out this work with the support of her elder sons and it's generating an important economic source for her, allowing her to provide for the well-being and education of her younger children, who are the reason and motivation to keep working hard.

Bostonoy, seeing a great demand for her business, wants to increase her stock and for this reason is requesting the loan. With your support, she hopes she will be able to improve her financial situation even more.


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 Bostonoy Mukhsumova


Loan has been disbursed
 
Entrepreneur: Bostonoy Mukhsumova
Location: Kanibadam, Tajikistan

Thank you for your loan. It has been disbursed to Bostonoy Mukhsumova 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 17, 2009
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Kiva Help Repayment Schedule for Bostonoy Mukhsumova

  Expected Repayments Actual Repayments Comments
December 2009 $54.33 $54.33 Repayment Received
January 2010 $56.51 Available Jan 1  
February 2010 $58.77 Available Feb 1  
March 2010 $61.11 Available Mar 1  
April 2010 $63.57 Available Apr 1  
May 2010 $66.10 Available May 1  
June 2010 $68.75 Available Jun 1  
July 2010 $71.50 Available Jul 1  
August 2010 $74.36 Available Aug 1