Mehrinisso Solieva


Status: Paid Back

$825.00   Loan Request
$825.00   Paid Back

About the Entrepreneur

Name: Mehrinisso Solieva
Location: Spitamen, Tajikistan
Activity: Food Market

About the Loan

Loan Amount: $825.00
Loan Use: To purchase a large refrigerator
Repayment Term: 6 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:Mar 16, 2009

About the Country

Country:Tajikistan
Avg Annual Income:$1,388.00
Currency:Tajikistan Somoni (TJS)
Exchange Rate:3.4000 TJS = 1 USD



Solieva Mehrinisso has been an active client of MicroInvest since 2005. She was able to improve her business thanks to the previous loans. She works with MicroInvest so she trusts its loan procedure. She started working from a small trade outlet, but now she has a better, larger trade outlet in the central bazaar, where she sells a good assortment of meat and milk-sour products, cheese, sweets and confectionery. Mrs. Solieva Mehrinisso applies to KIVA for a business development loan of 2800 STJ (USD $825) for 4 months, to purchase a large refrigerator. Mrs. Solieva Mehrinisso thanks KIVA for its support and wishes you all the best.

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Journal entries for Mehrinisso Solieva


Loan has been disbursed
 
Entrepreneur: Mehrinisso Solieva
Location: Spitamen, Tajikistan

Thank you for your loan. It has been disbursed to Mehrinisso Solieva 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 Spitamen, Tajikistan
Oct 15, 2008
Comments (2)

Journal Update
 
Entrepreneur: Mehrinisso Solieva
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 Mehrinisso Solieva

  Expected Repayments Actual Repayments Comments
January 2009 $206.25 $206.25 Repayment Received
February 2009 $206.25 $206.25 Repayment Received
March 2009 $206.25 $206.25 Repayment Received
April 2009 $206.25 $206.25 Repayment Received