Hafizallah Momon


Status: Paid Back

$1,025.00   Loan Request
$1,025.00   Paid Back

About the Entrepreneur

Name: Hafizallah Momon
Location: Kabul, Afghanistan
Activity: Agriculture

About the Loan

Loan Amount: $1,025.00
Loan Use: To complete his stock of agricultural necessities
Repayment Term: 20 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Mar 31, 2008
Date Disbursed: Apr 14, 2008
Date Funded:Mar 31, 2008
Loan Ended:Nov 15, 2009

About the Country

Country:Afghanistan
Avg Annual Income:$1,490.00
Currency:Afghanistan Afghanis (AFN)
Exchange Rate:49.6828 AFN = 1 USD



Hafizallah lives in district 5 of Kabul, Afghanistan. He is married and is the father of two children who are both in school. He is the only breadwinner for his family. He works in agriculture. He has lots of land to cultivate but he is unable to take the best advantage of it, so he wants to take an individual loan to complete his stock of agricultural necessities and be in a position to make good income. In this way, he believes that he can better help his family. He is happy with all members of his family.

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Lenders to this entrepreneur

Terry
KivaFriends.org , St. Louis, MO
United States

Madeline
Leonia, NJ
United States

sharon
tucson, AZ
United States

Sarah
New York, NY
United States

Matt
Studio City, CA
United States

Los Que Dan
Lethbridge, Alberta
Canada

Anonymous
New York, NY
United States

Paddy
Ulverston, Cumbria - England
United Kingdom

Jewell
San Francisco, CA
United States

Jennie
Los Angeles, CA
United States

Julie
Roanke, VA
United States

juanita
Halifax, Nova Scotia
Canada

Tim
NASHVILLE, TN
United States

Florence V.
Tucson, AZ
United States

Mike
Kingsburg, CA
United States

Maury Dergousoff
Vancouver, British Columbia
Canada

Anonymous
Sherwood Park, AB
Canada

Kathy
Flemington, NJ
United States

Koenig
Fallbrook, CA
United States

Diego&Sophia
Miami, FL
United States

Ali
London,
United Kingdom

Trevor
Bellevue, WA
United States

Tom Fitzpatrick
New Hampton, NH
United States

David
Roseville, CA
United States

Steven
Virginia Beach, VA
United States

Felicia
New York, NY
United States

GAMMA Salt
Toronto, ON
Canada

Katie
Glasgow, Renfrewshire
United Kingdom

Pekka
Oulu,
Finland



Journal entries for Hafizallah Momon


Loan has been disbursed
 
Entrepreneur: Hafizallah Momon
Location: Kabul, Afghanistan

Thank you for your loan. It has been disbursed to Hafizallah Momon by Ariana Financial Services - Mercy Corps in Afghanistan. We are excited to watch this business grow. Over the next 18 months, Ariana Financial Services - Mercy Corps will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by Tawfeq Khurush from Kabul, Afghanistan
Mar 31, 2008
Comments (1)

farming is good in Bagrami
 
Entrepreneur: Hafizallah Momon
Location: Kabul, Afghanistan

Hafizullah is 38. He’s been a farmer all his life. He owns, in partnership with his young brother, few acres of land in an eastern district of Kabul province called Bagrami. Almost everyone in the vast Bagrami area has little or more pieces of land and are busy with agriculture and animal husbandry.

The borrower used the loan funds to purchase potato seeds, fertilizer, and pesticides early this spring. This is the first time he is working on loan money which he highly appreciates. He is happy with the progress of his farming however, like many other farmers in Afghanistan, he has plenty of complains about irrigation water. Although he had to dig a 75 meter (246 feet) deep well few years ago to secure abundant water for his land, the well does not yield enough to supply sufficient water for the crops. A deeper well means more gas for the electric water pump but does not guarantee more water in all parts of the country.

The client has borrowed $1,000 and has been able to make his last four repayment installments in full and on time. Hafiz has three small kids but together with his old parents and sisters, he has 12 dependents.

Hafiz is hoping that he will soon be able to make enough money to dig a second well to secure enough water for his land. In addition, he is hoping to purchase a cow in near future to at least provide a richer breakfast for the household if not sell the dairy products.


Posted by Javed Rezayee from Kabul, Afghanistan
Aug 5, 2008
Comments (1)

Kiva Help Repayment Schedule for Hafizallah Momon

  Expected Repayments Actual Repayments Comments
June 2008 $0.00 $57.00  
July 2008 $56.94 $57.00 Repayment Received
August 2008 $56.94 $57.00 Repayment Received
September 2008 $56.94 $57.00 Repayment Received
October 2008 $56.94 $57.00 Repayment Received
November 2008 $56.94 $57.00 Repayment Received
December 2008 $56.94 $0.00 Repayment Received
January 2009 $56.94 $56.61 Repayment Received
February 2009 $56.94 $56.94 Repayment Received
March 2009 $56.94 $56.94 Repayment Received
April 2009 $56.94 $56.94 Repayment Received
May 2009 $56.94 $56.94 Repayment Received
June 2009 $56.94 $56.94 Repayment Received
July 2009 $56.94 $56.94 Repayment Received
August 2009 $56.94 $56.94 Repayment Received
September 2009 $56.94 $56.91 Repayment Received
October 2009 $56.94 $56.94 Repayment Received
November 2009 $56.94 $56.94 Repayment Received
December 2009 $57.02 $57.02 Repayment Received