Abdumajod Dusmatov


Status: Paid Back

$950.00   Loan Request
$950.00   Paid Back

About the Entrepreneur

Name: Abdumajod Dusmatov
Location: Nau, Tajikistan
Activity: Livestock

About the Loan

Loan Amount: $950.00
Loan Use: to build the new cowshed
Repayment Term: 7 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Oct 20, 2008
Date Disbursed: Nov 3, 2008
Date Funded:Oct 20, 2008
Loan Ended:Apr 15, 2009

About the Country

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



Dusmatov Abdumajod lives in the Nausky region. He is married and has 4 children. He decided to apply to MicroInvest because he heard many successful stories from friends about people developing and improving their businesses thanks to MicroInvest loans. Dusmatov raises livestock. It is the family business. He has the appropriate knowledge and skills because he taken care of cows from early childhood, helping his father at the farm, raising and selling livestock. Dusmatov wants to build a new cowshed and asks KIVA for a business support loan of 3200 STJ for 4 months. He thanks KIVA for its work and support.

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Journal entries for Abdumajod Dusmatov


Loan has been disbursed
 
Entrepreneur: Abdumajod Dusmatov
Location: Nau, Tajikistan

Thank you for your loan. It has been disbursed to Abdumajod Dusmatov 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 Nau, Tajikistan
Oct 24, 2008
Comment on this entry

Journal Update
 
Entrepreneur: Abdumajod Dusmatov
Location: Nau, 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 Abdumajod Dusmatov

  Expected Repayments Actual Repayments Comments
February 2009 $237.50 $237.50 Repayment Received
March 2009 $237.50 $237.50 Repayment Received
April 2009 $237.50 $237.50 Repayment Received
May 2009 $237.50 $237.50 Repayment Received