Rustam Azimurodov


Status: Paying Back

$1,175.00   Loan Amount
91% repaid

About the Entrepreneur

Name: Rustam Azimurodov
Location: Vahdat, Tajikistan
Activity: Retail

About the Loan

Loan Amount: $1,175.00
Loan Use: To buy seasonal shoes
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Sep 25, 2008
Date Disbursed: Oct 9, 2008
Date Funded:Sep 25, 2008

About the Country

Country:Tajikistan
Avg Annual Income:$1,388.00
Currency:Tajikistan Somoni (TJS)
Exchange Rate:3.4158 TJS = 1 USD



Rustam Azimurodov was born on September 24, 1963, he is married. He has been selling shoes for many years and all kinds of shoes could be found in his assortment starting from very modern business shoes to shoes for little gentlemen. He sells on the Hayre market in the town of Vahdat and his wife is also helping him. Rustam buys the merchandise on the wholesale market Kovron. Rustam has a vendor space on the market and like any beginning entrepreneur he has a dream to have his own store. To make this possible and to expand the variety of offered merchandise, he wants to get a loan in the amount of 4,000 somoni ($1,175USD).

Translated from Russian by Elena Fedorchuk, Kiva Volunteer


Азимуродов Рустам родился 24 сентября 1963 года, женат. Он торговец обуви уже много лет и в его ассортименте можно найти все разновидности обуви, начиная от самых современных для деловых встреч и заканчивая для самых маленьких джентльменов. А торгует он на рынке «Хайр» города Вахдат и помогает ему в этом жена. Азимуродов закупает товар в оптовом рынке «Корвон». У Рустама в рынке есть лавка и у него есть мечта, как у любого начинающего предпринимателя, он хочет купить себе магазин. В связи с этим и с целью расширения наименование товаров ему бы хотелось получить займ в сумме 4000 сомони.

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Journal entries for Rustam Azimurodov


Loan has been disbursed
 
Entrepreneur: Rustam Azimurodov
Location: Vahdat, Tajikistan

Thank you for your loan. It has been disbursed to Rustam Azimurodov by MLF MicroInvest, a partner of ACDI/VOCA in Tajikistan. We are excited to watch this business grow. Over the next 12 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 Vahdat, Tajikistan
Sep 25, 2008
Comment on this entry

Urgent loan
 
Entrepreneur: Rustam Azimurodov
Location: Vahdat, Tajikistan

Rustam was needed in urgent loan for buying additional batch of goods.It is his parallel loan as now it is the school season and demand for his good is very high.


Posted by Madina Umarova from Vahdat, Tajikistan
Sep 28, 2008
Comment on this entry

Journal Update
 
Entrepreneur: Rustam Azimurodov
Location: Vahdat, 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 Rustam Azimurodov

  Expected Repayments Actual Repayments Comments
January 2009 $97.92 $97.92 Repayment Received
February 2009 $97.92 $97.92 Repayment Received
March 2009 $97.92 $97.92 Repayment Received
April 2009 $97.92 $97.92 Repayment Received
May 2009 $97.92 $97.92 Repayment Received
June 2009 $97.92 $97.91 Repayment Received
July 2009 $97.92 $97.92 Repayment Received
August 2009 $97.92 $97.92 Repayment Received
September 2009 $97.92 $97.93 Repayment Received
October 2009 $97.92 $97.92 Repayment Received
November 2009 $97.92 $97.92 Repayment Received
December 2009 $97.88 Available Dec 1