Sherali Mahkamov


Status: Paying Back

$800.00   Loan Amount
66% repaid

About the Entrepreneur

Name: Sherali Mahkamov
Location: Tursunzade, Tajikistan
Activity: Taxi

About the Loan

Loan Amount: $800.00
Loan Use: To buy spare parts to fix his car
Repayment Term: 12 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Mar 23, 2009
Date Disbursed: Mar 10, 2009
Date Funded:Mar 23, 2009

About the Country

Country:Tajikistan
Avg Annual Income:$1,388.00
Currency:Tajikistan Somoni (TJS)
Exchange Rate:3.8053 TJS = 1 USD



Mahkamov Sherali is 56 years old. He is married and has four children. Sherali's goals are to grow in his personal life and in his business. His wish is to offer better service to his customers. His dream is that God continues to provide him with more life to get ahead and to fulfill his goals.

He is a taxi driver and travels through the streets of Tursunzade, Tajikistan in search of customers. He has owned his business for 30 years. Currently Sherali’s car needs some repairs and he wants to borrow 3000 Somoni for 10 months. The financing will go towards repairs of his vehicle purchasing winter tires. Sherali thanks Kiva and all lenders who make this help possible.

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 Sherali Mahkamov


Loan has been disbursed
 
Entrepreneur: Sherali Mahkamov
Location: Tursunzade, Tajikistan

Thank you for your loan. It has been disbursed to Sherali Mahkamov by IMON International in Tajikistan. We are excited to watch this business grow. Over the 9 months of this loan, IMON International will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Tursunzade, Tajikistan
Mar 24, 2009
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Kiva Help Repayment Schedule for Sherali Mahkamov

  Expected Repayments Actual Repayments Comments
June 2009 $69.25 $69.25 Repayment Received
July 2009 $71.44 $71.44 Repayment Received
August 2009 $73.71 $73.71 Repayment Received
September 2009 $76.04 $76.04 Repayment Received
October 2009 $78.45 $78.45 Repayment Received
November 2009 $80.93 $80.93 Repayment Received
December 2009 $83.50 $83.50 Repayment Received
January 2010 $86.14 Available Jan 1  
February 2010 $88.87 Available Feb 1  
March 2010 $91.67 Available Mar 1