Mumina Hazratkulova


Status: Paying Back

$2,000.00   Loan Amount
7% repaid

About the Entrepreneur

Name: Mumina Hazratkulova
Location: Shahrituz, Tajikistan
Activity: Clothing Sales

About the Loan

Loan Amount: $2,000.00
Loan Use: to purchase a wider range of goods for her store
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: N/A
Date Listed: Oct 1, 2009
Date Disbursed: Sep 18, 2009
Date Funded:Oct 24, 2009

About the Country

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



Mumina is married and has three children. She owns a place at the central market in Shahrituz, where she sells various types of clothing. Some of the advantages of her business are variety, consistency, and affordable prices. Mumina has been working in this business for 5 years. She is always seeking to grow and develop her business and improve her entrepreneurial skills. Mumina is requesting a loan of $2000 USD to purchase a wider range of goods. She hopes to increase her income and improve her family’s financial situation.



More about Tajikistan and IMON International



Tajikistan is known for its rich history. It was the site of 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. Even today, it is a complex mixture of the Islamic faith, Soviet culture, Western culture and Central Asian traditions.



But Tajikistan is also the poorest of the former Soviet republics. The civil war, which ignited soon after it gained 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 Mumina Hazratkulova


Loan has been disbursed
 
Entrepreneur: Mumina Hazratkulova
Location: Shahrituz, Tajikistan

Thank you for your loan. It has been disbursed to Mumina Hazratkulova 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 Shahrituz, Tajikistan
Oct 25, 2009
Comment on this entry

Kiva Help Repayment Schedule for Mumina Hazratkulova

  Expected Repayments Actual Repayments Comments
December 2009 $146.34 $146.34 Repayment Received
January 2010 $149.76 Available Jan 1  
February 2010 $153.25 Available Feb 1  
March 2010 $156.83 Available Mar 1  
April 2010 $160.49 Available Apr 1  
May 2010 $164.23 Available May 1  
June 2010 $168.06 Available Jun 1  
July 2010 $171.99 Available Jul 1  
August 2010 $176.00 Available Aug 1  
September 2010 $180.11 Available Sep 1  
October 2010 $184.31 Available Oct 1  
November 2010 $188.63 Available Nov 1