Farogat Muhamadova

Status: Paid Back

$600.00		Loan Request
$600.00		Paid Back

About the Entrepreneur

Name:	Farogat Muhamadova
Location:	Isfara, Tajikistan
Activity:	Tailoring

About the Loan

Loan Amount:	$600.00
Loan Use:	Purchasing of a new sewing machine for expanding the business
Repayment Term:	9 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	Covered
Date Listed:	May 26, 2008
Date Disbursed:	Jun 10, 2008
Date Funded:	May 27, 2008
Loan Ended:	Jan 15, 2009

About the Field Partner

Field Partner:

IMON International

Field Partner Risk Rating:

(Learn more)

Active

22 months

2962

$2,643,000

0.00%

0.00%

Currency Exchange Loss Rate:

0.00%

About the Country

Country:	Tajikistan
Avg Annual Income:	$1,388.00
Currency:	Tajikistan Somoni (TJS)
Exchange Rate:	3.4600 TJS = 1 USD

Muhamadova Farogat is 40 years old. She is married. She is the loving mother of four children. Her husband is an entrepreneur. In order to help her husband in supporting the family, Farogat has been running her own business for five years. She has her own tailoring shop. Currently there are four sewers working in the shop. Farogat’s tailoring shop is specialized in sewing clothing for women of European style as well as of the national style. As any mother does, she works hard to make her children happy and to give them a good education.

Today Farogat is planning to expand her business and to hire two more sewers. So she requests $600 for the term of 6 months. She shall spend it on a new sewing machine produced in Japan. This is the first loan for Farogat ,and she promises to pay it in a timely manner. She would like to thank everyone for supporting her.

Lenders to this entrepreneur

Sean
Los Angeles, CA
United States

Toby
Miami Beach, FL
United States

Janet & John
Olney, MD
United States

Shingo
Kawasaki-shi, Kanagawa
Japan

Anonymous
Avondale Estates, GA
United States

Richard
Bankstown, New South Wales
Australia

Anonymous

Caroline & Lily
Fort Collins, CO
United States

Anonymous
Olney, MD
United States

Colleen
Nedlands, Western Australia
Australia

Amy's mom
KivaFriends.org, Midwest
United States

Anonymous
San Jose, CA
United States

Sarah
Chapel Hill, NC
United States

Dottie
Alexandria, VA, www.kivafriends.org

Kenneth
Taipei City, Taiwan
Taiwan

Matthew
Anchorage, AK
United States

Brian
Chesapeake, VA
United States

Paul
Brisbane, Queensland
Australia

Jenni
Vantaa,
Finland

Subhash
Melbourne, Victoria
Australia

Frenkieb
Groningen, Groningen
Netherlands

paul
BURNSIDE, South Australia
Australia

Journal entries for Farogat Muhamadova

Loan has been disbursed Entrepreneur: Farogat Muhamadova Location: Isfara, Tajikistan Thank you for your loan. It has been disbursed to Farogat Muhamadova by International MicroLoan Fund (IMON) in Tajikistan. We are excited to watch this business grow. Over the next 6 months, International MicroLoan Fund (IMON) will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.
Posted by Akbar Murodov from Isfara, Tajikistan May 27, 2008
Comments (1)

Update on Farogat Muhamadova's Loan Entrepreneur: Farogat Muhamadova Location: Isfara, Tajikistan Farogat works in a busy sewing factory near the central market in Isfara, Tajikistan. The factory sews men's and women's national outfits, in addition to uniforms for several local factories. She used her Kiva loan to purchase another sewing machine, which has had a great impact on her business. The sewing factory is a family-run cooperative. Farogat and one of her sisters both took out loans at the same time, which allowed them to increase their sewing machine inventory from 1 to 3. This has allowed them to make products faster and fill more orders than in the past. Before they could only sew 10 uniforms a day, but now they make up to 50. Farogat learned to sew from her mother and has been sewing for most of her life. However, she didn't move into the sewing business until a couple years ago. After college, she spent many years working in a kindergarten, but left in order to make more money. She is happy with her new line of work and has many goals for growing the business. She and her family would like to put all of the profits back into the business, in order to hire more employees and possibly start a second shop in another city. They currently work with around 40 blind weavers who produce the fabric that they use to make their products. They hope that their continued success will allow them to support more disabled people in their community and help to build a stronger country. Farogat is married and has three children. She also cares for her niece (who joins her in the photo) since the girl's mother is currently working in Russia. Learn more about IMON's work and their entrepreneurs. You can also show your support for the region, by joining the Supporters of Tajikistan lending team.
Posted by Carrie Ferrence from Isfara, Tajikistan Nov 11, 2008
Comments (1)

Repayment Schedule for Farogat Muhamadova

Show Advanced

	Expected Repayments	Actual Repayments	Comments
August 2008	$0.00	$100.00
September 2008	$100.00	$100.00	Repayment Received
October 2008	$100.00	$100.00	Repayment Received
November 2008	$100.00	$100.00	Repayment Received
December 2008	$100.00	$0.00	Repayment Received
January 2009	$100.00	$100.00	Repayment Received
February 2009	$100.00	$100.00	Repayment Received