Kurbon Gafforov


Status: Paying Back

$800.00   Loan Amount
54% repaid

About the Entrepreneur

Name: Kurbon Gafforov
Location: Khujand, Tajikistan
Activity: Clothing Sales

About the Loan

Loan Amount: $800.00
Loan Use: To buy new clothing to sell
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: N/A
Date Listed: Mar 23, 2009
Date Disbursed: Mar 18, 2009
Date Funded:Mar 23, 2009

About the Country

Country:Tajikistan
Avg Annual Income:$1,388.00
Currency:United States Dollars (USD)



Gafforov Kurbon is married. His wife is a homemaker and they have a two-year-old child.

He has always been a hard worker. He started working at an early age, helping his mother with her clothing business, and contributing his earnings to them from the time that he was 15 years old. When Kurbon married, his expenses increased and he had to strike out on his own to build a business that would support his own family. With the help of his father, he started his own clothing-sales business and his wife helped him in her spare time. His business has grown little by little but he wants to continue to grow in order to better quality of life.

Kurbon is asking for a $800 USD loan to buy merchandise for his business so that he can continue to expand it. He is offering to repay the loan in 12 months. He and his family are very grateful for the support you are providing to help them get ahead.

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.
But, 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 need. To learn more about IMON International's work, please visit: www.imon.tj


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Journal entries for Kurbon Gafforov


Loan has been disbursed
 
Entrepreneur: Kurbon Gafforov
Location: Khujand, Tajikistan

Thank you for your loan. It has been disbursed to Kurbon Gafforov 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 Khujand, Tajikistan
Mar 24, 2009
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Kiva Help Repayment Schedule for Kurbon Gafforov

  Expected Repayments Actual Repayments Comments
June 2009 $57.45 $57.45 Repayment Received
July 2009 $58.98 $58.98 Repayment Received
August 2009 $60.55 $60.55 Repayment Received
September 2009 $62.17 $62.17 Repayment Received
October 2009 $63.82 $63.82 Repayment Received
November 2009 $65.53 $65.53 Repayment Received
December 2009 $67.27 $67.27 Repayment Received
January 2010 $69.07 Available Jan 1  
February 2010 $70.91 Available Feb 1  
March 2010 $72.80 Available Mar 1  
April 2010 $74.74 Available Apr 1  
May 2010 $76.71 Available May 1