Ashurmat Usupov


Status: Paid Back

$625.00   Loan Request
$625.00   Paid Back

About the Entrepreneur

Name: Ashurmat Usupov
Location: Asht, Tajikistan
Activity: Livestock

About the Loan

Loan Amount: $625.00
Loan Use: To buy a pedigreed bull
Repayment Term: 11 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: May 17, 2008
Date Disbursed: Jun 10, 2008
Date Funded:May 27, 2008
Loan Ended:Mar 16, 2009

About the Country

Country:Tajikistan
Avg Annual Income:$1,388.00
Currency:Tajikistan Somoni (TJS)
Exchange Rate:3.4318 TJS = 1 USD



Usupov Ashurmat lives in the high-mountain region of Tajikistan, where agriculture and livestock are common pursuits. Mr. Usupov Ashurmat, along with many of his fellow villagers, raises and sells livestock. It is the family business that he shares with his wife. He dreams of having a large flock, so Mr. Usupov Ashurmat has applied to KIVA for a business development loan of 2100 STJ ($625 USD) to buy a pedigreed bull.

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Lenders to this entrepreneur

billnewcomer.com
Vancouver, WA
United States

Anonymous
Shawnee, KS
United States

Skye
Brompton, South Australia
Australia

Frederic
Bois-Colombes, Ile-de-France
France

Dan
Chevy Chase, MD
United States

Laurent D
Brussels,
Belgium

Peter
Lynndyl, UT
United States

Anonymous
Saint Paul, MN
United States

Jonathan
Auckland, Auckland
New Zealand

bianka
ashwood, Victoria
Australia



Journal entries for Ashurmat Usupov


Loan has been disbursed
 
Entrepreneur: Ashurmat Usupov
Location: Asht, Tajikistan

Thank you for your loan. It has been disbursed to Ashurmat Usupov by MLF MicroInvest-Tajikistan in Tajikistan. We are excited to watch this business grow. Over the next 8 months, MLF MicroInvest-Tajikistan will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by Madina Umarova from Asht, Tajikistan
May 27, 2008
Comment on this entry

Journal Update
 
Entrepreneur: Ashurmat Usupov
Location: Asht, Tajikistan

Thank you for supporting an entrepreneur in Tajikistan.

I'm excited to be writing you as the Kiva Fellow in northern Tajikistan. For the last few months, I have been working with Kiva's Field Partner, MLF MicroInvest visiting many Kiva entrepreneurs.

As you may know, all entrepreneur profiles on Kiva's website are posted by local Field Partners (microfinance institutions) like MicroInvest, which are organizations which lend to those without easy access to credit for purposes of sustaining or growing their businesses. In my time here I have had the opportunity to get to know MicroInvest's staff and its clients. Its ultimate mission is to enable its borrowers to achieve self-sufficiency through the development of their businesses.

But from what I have seen in my time here, MicroInvest's work isn't just about issuing loans. They also create a long-lasting, collaborative relationship with each client to address their financial needs and improve the household's standard of living.

One such relationship is with Oishahon who sells vegetables and herbs in the Isfara market. I met with her recently and she talked at length about her business. For the season she is stocking garlic, fennel, various teas, and hot peppers. The winter is a fairly slow time for green grocers and most of her business comes during the spring months.

We spent some time talking about her past career as a teacher of Tajik literature. She, like many others here, spoke fondly of Rudaki who was a poet in ancient Persia some 1,000 years ago. She also discussed her past career as a teacher of Tajik literature. She abandoned her teaching career back in 1991 when Tajikistan became independent from the USSR and salaries fell significantly. There are many other former teachers, doctors or factory workers here who have moved on to a business of their own as a means of sustaining themselves.

With customers hovering around her stand, I excused myself so she could conduct her business. She expressed her thanks to Kiva lenders and says her loan has allowed her to sustain her business through the lean winter months.

With over $1.3 million in loans to Kiva clients, MicroInvest serves many others like Oishahon throughout the country. From Kiva, MicroInvest and its borrowers, we thank you for supporting our work. To see support additional borrowers, please check:

http://www.kiva.org/app.php?page=businesses&partner_id=101&status=fundRaising&sortBy=New+to+Old&_te=mj


Posted by Jenny Boyd, Kiva Staff, from San Francisco, United States
Feb 5, 2009
Comments (62)

Kiva Help Repayment Schedule for Ashurmat Usupov

  Expected Repayments Actual Repayments Comments
August 2008 $0.00 $79.00  
September 2008 $78.12 $79.00 Repayment Received
October 2008 $78.12 $79.00 Repayment Received
November 2008 $78.12 $79.00 Repayment Received
December 2008 $78.12 $0.00 Repayment Received
January 2009 $78.12 $74.62 Repayment Received
February 2009 $78.12 $78.12 Repayment Received
March 2009 $78.12 $78.12 Repayment Received
April 2009 $78.16 $78.14 Repayment Received