Mahkam Iskandarov


Status: Paying Back

$925.00   Loan Amount
69% repaid

About the Entrepreneur

Name: Mahkam Iskandarov
Location: Istaravshan, Tajikistan
Activity: Farming

About the Loan

Loan Amount: $925.00
Loan Use: To purchase seeds and mineral fertilizer.
Repayment Term: 13 months - View details below
Lenders Repaid: Irregularly
Currency Exchange Loss: Covered
Date Listed: Jan 26, 2009
Date Disbursed: Jan 7, 2009
Date Funded:Jan 26, 2009

About the Country

Country:Tajikistan
Avg Annual Income:$1,388.00
Currency:Tajikistan Somoni (TJS)
Exchange Rate:3.4694 TJS = 1 USD



Mahkam Iskandarov is a 67 years old married man and has 4 adult children. Mahkam is a hard-working man who has fought to provide for his family and educate his children, who today are working adults. Mahkam is an experienced farmer that grows grapes. After gathering his yield, Mankham dries them and sells them at the market. Each year Mahkam increases the crop yield and is sufficient for family consumption and for selling. The business is the main source of income for the family. Mahkam needs to purchase mineral fertilizer for the upcoming season and is requesting a loan of 3200 Somoni ($ 925 USD). The loan will be repaid in 12 repayments over 11 months. Mahkam and his family are counting on your help.


More about Tajikistan and IMON International

Tajikistan is perhaps best known for its rich history, which includes a key post along the Silk Road; the end of Alexander the Great's rule; and with it’s famous great thinkers, philosophers, scientists and poets as: Rudaki, Ibn Sina (Avicenna), Firdousi, Omar Haiyam, Jomi, Mavlavi Rumi and many others. The country is home to communities that still speak the ancient Sogdian language, epic mountain passes, and a civilization that dates back to the 4th millennium BC. And, even today, it is a complex mixture of the Islamic faith, Soviet culture, New West culture and Central Asian traditions.

Tajikistan is also the poorest of the former Soviet republics. The civil war, which ignited soon after its independence from the U.S.S.R., further damaged the already weak economy. In addition, 93% of the country is mountainous and only 7% of the land is arable. These conditions have resulted in high levels of unemployment and have forced hundreds of thousands to seek work in other countries, mainly Russia. While the people of Tajikistan are working to improve its agricultural production and manufacturing sector, nearly two-thirds of the population still live in abject poverty.

IMON's History

Since December 2007, IMON International has worked closely with Kiva and Kiva lenders to ensure that poor and low income clients represent a viable business proposition. Funds raised through Kiva have already been distributed to thousands of IMON International's clients and will continue to provide thousands more with permanent access to the varied financial services they offer.

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Journal entries for Mahkam Iskandarov


Loan has been disbursed
 
Entrepreneur: Mahkam Iskandarov
Location: Istaravshan, Tajikistan

Thank you for your loan. It has been disbursed to Mahkam Iskandarov by IMON International in Tajikistan. We are excited to watch this business grow. Over the 11 months of this loan, IMON International will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Istaravshan, Tajikistan
Jan 27, 2009
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Kiva Help Repayment Schedule for Mahkam Iskandarov

  Expected Repayments Actual Repayments Comments
August 2009 $121.33 $121.33 Repayment Received
September 2009 $124.77 $124.77 Repayment Received
October 2009 $128.30 $128.30 Repayment Received
November 2009 $131.94 $131.94 Repayment Received
December 2009 $135.67 $135.67 Repayment Received
January 2010 $139.52 Available Jan 1  
February 2010 $143.47 Available Feb 1