Mustakim Yormatov

Status: Paid Back

$750.00		Loan Request
$750.00		Paid Back

About the Entrepreneur

Name:	Mustakim Yormatov
Location:	Isfara, Tajikistan
Activity:	Food Production/Sales

About the Loan

Loan Amount:	$750.00
Loan Use:	To buy more dried apricots to process and sell.
Repayment Term:	11 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	Covered
Date Listed:	Dec 10, 2008
Date Disbursed:	Nov 21, 2008
Date Funded:	Dec 12, 2008
Loan Ended:	Sep 15, 2009

About the Field Partner

Field Partner:

IMON International

Field Partner Risk Rating:

(Learn more)

Active

22 months

2962

$2,643,000

0.00%

0.00%

Currency Exchange Loss Rate:

0.00%

About the Country

Country:	Tajikistan
Avg Annual Income:	$1,388.00
Currency:	Tajikistan Somoni (TJS)
Exchange Rate:	3.4018 TJS = 1 USD

Yormatov Mustakim is 28 years old. He lives in Isfara; he is married and has three children. His wife is a housekeeper. Mustakim sells dried apricots in the central local market. He purchases dried apricots and processes them himself. Because he buys dried apricots wholesale, his prices are lower than regular market prices. He offers a wide assortment of goods for clients of different means. All this allows Mustakim to make his business quite successful and provide a stable income for his family. Today Mustakim requests 2500 Somoni ($750 USD) for the term of 8 months. He is going to spend the loan on more dried apricots to process and sell. He would like to increase his income and give his children a good education. Mustakim expresses his gratitude to everyone supporting him.

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Top Lending Teams for this entrepreneur

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Journal entries for Mustakim Yormatov

Loan has been disbursed Entrepreneur: Mustakim Yormatov Location: Isfara, Tajikistan Thank you for your loan. It has been disbursed to Mustakim Yormatov by IMON International in Tajikistan. We are excited to watch this business grow. Over the next 8 months, IMON International will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.
Posted by from Isfara, Tajikistan Dec 12, 2008
Comments (1)

The loan has been successfully repaid. Entrepreneur: Mustakim Yormatov Location: Isfara, Tajikistan Yormatov Mustakim would like to sincerely thank all of the supporters. He has successfully paid back his loan, and is beyond grateful for the financial support you have provided him over the past 9 months. Mustakim would like you to know that he has expanded his business and had been able to carry better quality items for his customers. Mustakim has been able to save more and more money due to the higher profits and is hopeful that his savings will continue to increase in the future. Mustakim is extremely grateful for your loan, and plans to take out another in the near future. On behalf of IMON, thank you for your continued generosity and compassion!
Posted by Jahongir Abdulloev from Isfara, Tajikistan Sep 30, 2009
Comment on this entry

Repayment Schedule for Mustakim Yormatov

Show Advanced

	Expected Repayments	Actual Repayments	Comments
February 2009	$73.33	$73.33	Repayment Received
March 2009	$75.65	$75.65	Repayment Received
April 2009	$78.04	$78.05	Repayment Received
May 2009	$80.52	$80.52	Repayment Received
June 2009	$83.07	$83.06	Repayment Received
July 2009	$85.70	$85.70	Repayment Received
August 2009	$88.41	$88.41	Repayment Received
September 2009	$91.21	$91.21	Repayment Received
October 2009	$94.07	$94.07	Repayment Received