Nematillo Umarov


Status: Paying Back

$1,200.00   Loan Amount
7% repaid

About the Entrepreneur

Name: Nematillo Umarov
Location: Pendjikent, Tajikistan
Activity: Animal Sales

About the Loan

Loan Amount: $1,200.00
Loan Use: Purchasing of young cattle and construction materials for improving his cattle-shed
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: N/A
Date Listed: Sep 18, 2009
Date Disbursed: Sep 16, 2009
Date Funded:Oct 15, 2009

About the Country

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



Umarov Nematillo has raised cattle and farmed for 19 years. With two children and the responsibility of providing food for his home has been able to improve his family’s financial situation thanks to the excellent care that he has given his animals. Today Nematillo finds himself in need of purchasing calves to raise in order to be able to take greatest advantage of raising and selling them when necessary. For this reason Nematillo is obtaining loan from IMON International in order to obtain these animals and raise them so that in time they can be used to support 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 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 Nematillo Umarov


Loan has been disbursed
 
Entrepreneur: Nematillo Umarov
Location: Pendjikent, Tajikistan

Thank you for your loan. It has been disbursed to Nematillo Umarov 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 Pendjikent, Tajikistan
Oct 16, 2009
Comments (1)

Kiva Help Repayment Schedule for Nematillo Umarov

  Expected Repayments Actual Repayments Comments
December 2009 $87.81 $87.81 Repayment Received
January 2010 $89.86 Available Jan 1  
February 2010 $91.96 Available Feb 1  
March 2010 $94.10 Available Mar 1  
April 2010 $96.30 Available Apr 1  
May 2010 $98.54 Available May 1  
June 2010 $100.84 Available Jun 1  
July 2010 $103.20 Available Jul 1  
August 2010 $105.60 Available Aug 1  
September 2010 $108.07 Available Sep 1  
October 2010 $110.59 Available Oct 1  
November 2010 $113.13 Available Nov 1