Rahmatullo Karchiev


Status: Paid Back

$875.00   Loan Request
$875.00   Paid Back

About the Entrepreneur

Name: Rahmatullo Karchiev
Location: Istaravshan, Tajikistan
Activity: Cafe

About the Loan

Loan Amount: $875.00
Loan Use: To enlarge his working capital and to use the income generated to pay for his daughter's university education and her wedding.
Repayment Term: 6 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jan 24, 2008
Date Disbursed: Feb 8, 2008
Date Funded:Jan 25, 2008
Loan Ended:Apr 27, 2008

About the Country

Country:Tajikistan
Avg Annual Income:$1,388.00
Currency:Tajikistan Somoni (TJS)
Exchange Rate:3.4700 TJS = 1 USD



Karchiev Rahmatullo is 39 years old. He is married with three children and his wife is a housekeeper.


Rahmatullo has been working with IMON for more than three years and has a positive credit history. For more than 12 years he has been running a small open café where he cooks kebabs. His café is located inside the food market of the city. Rahmatullo's children are growing up fast -- his the elder daughter is 16 years old and will enter university this year, while his younger daughter and son are 14 and 12 correspondingly. Rahmatullo needs to prepare a dowry for his elder daughter but unfortunately does not earn enough income for this.


Rahmatullo is requesting a loan of 3000.00 Somoni (US$875) to increase his capital and expand his business, promising to repay the loan in 3 months. Rahmatullo hopes that by being able to generate a good income, he will help his daughter to enter university and will also have the funds for to pay his daughter's dowry and arrange his elder daughter's wedding.


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Lenders to this entrepreneur

Allan & Molly
Ryderwood, WA
United States

Anonymous

Jim KivaFriends.org
Fort Worth, Texas
United States

Phil & Jean
Honolulu, HI
United States

Buchanan Family
www.kivafriends.org, Ramsey, NJ
United States

Len & Pat
spring lake park, MN
United States

Joey
Los Angeles, CA
United States

Christopher
London,
United Kingdom

Len
Bristol, Bristol
United Kingdom

Enrico
Livorno, Li
Italy

Alex

Canada

Jillian
Vence,
France

Mark
Louisville, KY
United States

Michele
Bergamo, Bergamo
Italy

Morgan
Nashville, TN
United States

Mark
Yakima, WA
United States

Speakers' Spotlight
Toronto, Ontario
Canada

Diane R
KivaFriends.org, Santa Clara, CA
United States

todd
Austin, TX
United States

Nick
Chicago, IL
United States

Anonymous
Tucson, AZ
United States

Brian
Grayslake, IL
United States

Michael
Endicott, NY
United States

Anonymous
Roslindale, MA
United States

Ashfaq
Lombard, IL
United States

Gidget
Chicago, IL
United States

Susan
Williamsburg, KY
United States



Journal entries for Rahmatullo Karchiev


Loan has been disbursed
 
Entrepreneur: Rahmatullo Karchiev
Location: Istaravshan, Tajikistan

Thank you for your loan. It has been disbursed to Rahmatullo Karchiev by International MicroLoan Fund (IMON) in Tajikistan. We are excited to watch this business grow. Over the next 3 months, International MicroLoan Fund (IMON) will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by Lola Khusanova from Istaravshan, Tajikistan
Jan 27, 2008
Comments (1)

The loan had been successfully repaid
 
Entrepreneur: Rahmatullo Karchiev
Location: Istaravshan, Tajikistan

Karchiev Rahmatullo had successfully repaid his 3-month loan in the size of 875.00 US Dollars.

Rahmatullo applied for the loan with the purpose to increase the working capital. With the help of the loan facilities Rahmatullo expanded his small open café, purchased the additional tables and chairs as well the dishes and plates for his clients. This in its turn, allowed Rahmatullo attracting more clients. Consequently, the generated incomes increased as well. Now Rahmatullo is happy to know and to advise all his lenders that he shall be able to pay the first contribution for the education of his elder daughter. The elder daughter promises she shall do her best to justify hopes of her father.

Rahmatullo thanks everyone who supported him. He is planning to develop his business further and your assistance helped him to feel himself more self-confident


Posted by Lola Khusanova from Istaravshan, Tajikistan
Apr 27, 2008
Comments (1)

Kiva Help Repayment Schedule for Rahmatullo Karchiev

  Expected Repayments Actual Repayments Comments
April 2008 $0.00 $292.00  
May 2008 $291.67 $292.00 Repayment Received
June 2008 $291.67 $291.00 Repayment Received
July 2008 $291.66 $0.00 Repayment Received