Nasiba Rustamova


Status: Paid Back

$775.00   Loan Request
$775.00   Paid Back

About the Entrepreneur

Name: Nasiba Rustamova
Location: Spitamen, Tajikistan
Activity: Retail

About the Loan

Loan Amount: $775.00
Loan Use: To import new goods
Repayment Term: 5 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Oct 14, 2008
Date Disbursed: Oct 28, 2008
Date Funded:Oct 14, 2008
Loan Ended:Feb 21, 2009

About the Country

Country:Tajikistan
Avg Annual Income:$1,388.00
Currency:Tajikistan Somoni (TJS)
Exchange Rate:3.4007 TJS = 1 USD



Rustamova Nasiba is 35 years old and lives in the Spitamen region. She is married and has 4 children. She trades in the local bazaar and works with wholesale suppliers. She has repeat customers and a good assortment of items. She has worked in this business for 4 years. Mrs. Rustamova Nasiba first applied to MicroInvest in 2008. She is a reliable client who trusts the MicroInvest loan procedure. She applies to KIVA for a business development loan of 2600 STJ (USD $775) for 3 months to import new goods. She thanks KIVA for its support.

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Journal entries for Nasiba Rustamova


Loan has been disbursed
 
Entrepreneur: Nasiba Rustamova
Location: Spitamen, Tajikistan

Thank you for your loan. It has been disbursed to Nasiba Rustamova by MLF MicroInvest, a partner of ACDI/VOCA in Tajikistan. We are excited to watch this business grow. Over the next 3 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 Spitamen, Tajikistan
Oct 15, 2008
Comment on this entry

Journal Update
 
Entrepreneur: Nasiba Rustamova
Location: Spitamen, 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 Nasiba Rustamova

  Expected Repayments Actual Repayments Comments
January 2009 $258.33 $258.33 Repayment Received
February 2009 $258.33 $258.33 Repayment Received
March 2009 $258.34 $258.34 Repayment Received