Nurhon Ergasheva


Status: Paid Back

$625.00   Loan Request
$625.00   Paid Back

About the Entrepreneur

Name: Nurhon Ergasheva
Location: Asht, Tajikistan
Activity: Services

About the Loan

Loan Amount: $625.00
Loan Use: To buy a computerized yarn-making machine.
Repayment Term: 7 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Aug 21, 2008
Date Disbursed: Sep 4, 2008
Date Funded:Aug 21, 2008
Loan Ended:Feb 15, 2009

About the Country

Country:Tajikistan
Avg Annual Income:$1,388.00
Currency:Tajikistan Somoni (TJS)
Exchange Rate:3.4191 TJS = 1 USD



Nurhon Ergasheva was born in 1979 in the Asht region of Tajikistan. She is married, has two children, and works two jobs: she is a part-time school teacher who also makes clothing that is especially prized in her area. Nurhon applied for her first loan from MicroInvest earlier this year and immediately impressed us as a serious and reliable client. She used her loan to successfully improve her clothing-making business by buying dyes needed to make special socks that are popular with her customers because are very warm and part of the national dress. She has made socks for 10 years, and is very experienced and skillful at what she does. Nurhon is now applying for her second loan, which she will use to buy a computerized yarn-making machine. She will repay the loan in four months.

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Lenders to this entrepreneur

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

Dolphine
Kivafriends.org,
United States

Michelle
Bothell, WA
United States

Juliana
Apopka, FL
United States

kathleen
kivafriends.org, KS
United States

Jonathan
new york, NY
United States

Jérôme
Mainz,
Germany

Sue
Knoxville, TN
United States

Stephen
San Francisco, CA
United States

Jessica
Helsinki,
Finland

Robert
Clearwater, FL
United States

Jerrett
Antigonish, Nova Scotia
Canada

Christine
Langley, WA
United States

Grace
Glastonbury, CT
United States

Laurie
Seattle, WA, kivafriends.org
United States

Rhonda
Bismarck, ND
United States

MarieLynn
ROXBORO, Quebec
Canada

Simon
Lyngby,
Denmark

Eli & Sven
Rector , PA
United States

Sandy
www.kivafriends.org, Allen, Texas
United States



Journal entries for Nurhon Ergasheva


Loan has been disbursed
 
Entrepreneur: Nurhon Ergasheva
Location: Asht, Tajikistan

Thank you for your loan. It has been disbursed to Nurhon Ergasheva by MLF MicroInvest, a partner of ACDI/VOCA in Tajikistan. We are excited to watch this business grow. Over the next 4 months, MLF MicroInvest, a partner of ACDI/VOCA will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by Madina Umarova from Asht, Tajikistan
Aug 24, 2008
Comment on this entry

Journal Update
 
Entrepreneur: Nurhon Ergasheva
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 Nurhon Ergasheva

  Expected Repayments Actual Repayments Comments
November 2008 $0.00 $157.00  
December 2008 $156.25 $0.00 Repayment Received
January 2009 $156.25 $155.50 Repayment Received
February 2009 $156.25 $156.25 Repayment Received
March 2009 $156.25 $156.25 Repayment Received