Bashorat Nazarova


Status: Paying Back

$600.00   Loan Amount
80% repaid

About the Entrepreneur

Name: Bashorat Nazarova
Location: Khujand, Tajikistan
Activity: Personal Purchases

About the Loan

Loan Amount: $600.00
Loan Use: Home repairs
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Nov 4, 2008
Date Disbursed: Nov 6, 2008
Date Funded:Nov 13, 2008

About the Country

Country:Tajikistan
Avg Annual Income:$1,388.00
Currency:Tajikistan Somoni (TJS)
Exchange Rate:3.4019 TJS = 1 USD



Bashorat is a 48 year old mother of two from Khujand. She requests a personal loan to make repairs to her kitchen and purchase new furniture. The money will be used to install new gas lines to her kitchen, which is crucial during the winter months when electricity is available only during specific hours of the day. With gas lines she is able to use 'balloon' gas - or canisters which can be stored for use when gas is not available from the city supply. Because of last year's winter conditions, much of Bashorat's furniture was damaged. During periods where there was no heat in the home, the furniture became very cold. When the heat returned, condensation formed and has warped her wooden table, chairs and other furniture. She will use a portion of proceeds for the purchase of new furniture.

Bashorat plans to repay the loan over the next 12 months from her salary earned as a notary. She and her husband have a grown daughter who is married and also a son who is currently studying at the University in Khujand. She is slowly learning English from her husband and son and was eager to practice a few words during our interview. ith winter already here and electricity being rationed, she is eager to get started on the repairs and thanks Kiva lenders for their generosity.

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Journal entries for Bashorat Nazarova


Loan has been disbursed
 
Entrepreneur: Bashorat Nazarova
Location: Khujand, Tajikistan

Thank you for your loan. It has been disbursed to Bashorat Nazarova 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 from Khujand, Tajikistan
Nov 14, 2008
Comment on this entry

Journal Update
 
Entrepreneur: Bashorat Nazarova
Location: Khujand, 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 Bashorat Nazarova

  Expected Repayments Actual Repayments Comments
February 2009 $41.09 $41.09 Repayment Received
March 2009 $42.53 $42.53 Repayment Received
April 2009 $44.02 $44.02 Repayment Received
May 2009 $45.56 $45.56 Repayment Received
June 2009 $47.15 $47.15 Repayment Received
July 2009 $48.80 $48.80 Repayment Received
August 2009 $50.51 $50.51 Repayment Received
September 2009 $52.28 $52.28 Repayment Received
October 2009 $54.11 $54.11 Repayment Received
November 2009 $56.00 $56.00 Repayment Received
December 2009 $57.96 Available Dec 1  
January 2010 $59.99 Available Jan 1