Sharof Usmonov


Status: Paid Back

$1,000.00   Loan Request
$1,000.00   Paid Back

About the Entrepreneur

Name: Sharof Usmonov
Location: Istaravshan, Tajikistan
Activity: Bakery

About the Loan

Loan Amount: $1,000.00
Loan Use: To purchase flour for baking the national bread “lepeshka”
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jun 24, 2008
Date Disbursed: Jul 8, 2008
Date Funded:Jun 24, 2008
Loan Ended:Aug 15, 2009

About the Country

Country:Tajikistan
Avg Annual Income:$1,388.00
Currency:Tajikistan Somoni (TJS)
Exchange Rate:3.4296 TJS = 1 USD



Usmonov Sharof is 32 years old. He is married with two children of school age. His wife is a housekeeper and she is taking care of their children. Thus Sharof is the main bread-winner in the family. Sharof’s children are small now, but already today he is working hard to ensure the best future for them.



For more than a year Sharof has been baking the national bread “lepeshka.” He believes that this business is profitable and is not subject to seasonable ups and down. He gets up early to bake the lepeshka and bread so that people have fresh bread on their tables for breakfast.



All materials like the flour, salt, and yeast he purchases at the local market. Now Sharof requests 3400 Somoni (1000 $ US Dollars) for the term of 12 months. The loan shall be spent for purchasing flour and coal for baking the lepeshka. Sharof has already had two loans, and demonstrated himself as an honest client, and he promises to repay the current loan promptly.


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Journal entries for Sharof Usmonov


Loan has been disbursed
 
Entrepreneur: Sharof Usmonov
Location: Istaravshan, Tajikistan

Thank you for your loan. It has been disbursed to Sharof Usmonov by International MicroLoan Fund (IMON), a partner of Mercy Corps in Tajikistan. We are excited to watch this business grow. Over the next 12 months, International MicroLoan Fund (IMON), a partner of Mercy Corps will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by Akbar Murodov from Istaravshan, Tajikistan
Jun 26, 2008
Comment on this entry

The loan has been successfully repaid.
 
Entrepreneur: Sharof Usmonov
Location: Istaravshan, Tajikistan

IMON would like to inform you that Sharof has paid back his loan! This was the third loan he has received, and we are so thrilled that he experienced such great personal success. Over the past 12 months Sharof has been able to drastically improve his bakery business, and has seen increased profits. Sharof wants to thank you for supporting and believing in him. On behalf of IMON, thank you for your continued generosity! IMON has greatly appreciated partnering with you and looks forward to building on this relationship in the future to continue to provide quality financial services to Tajikistan's poor entrepreneurs.


Posted by Jahongir Abdulloev from Istaravshan, Tajikistan
Aug 27, 2009
Comment on this entry

Kiva Help Repayment Schedule for Sharof Usmonov

  Expected Repayments Actual Repayments Comments
September 2008 $0.00 $84.00  
October 2008 $83.33 $84.00 Repayment Received
November 2008 $83.33 $84.00 Repayment Received
December 2008 $83.33 $0.00 Repayment Received
January 2009 $83.33 $81.33 Repayment Received
February 2009 $83.33 $83.33 Repayment Received
March 2009 $83.33 $83.33 Repayment Received
April 2009 $83.33 $83.33 Repayment Received
May 2009 $83.33 $83.33 Repayment Received
June 2009 $83.33 $83.33 Repayment Received
July 2009 $83.33 $83.33 Repayment Received
August 2009 $83.33 $83.33 Repayment Received
September 2009 $83.37 $83.36 Repayment Received