Jumaboy Aminov


Status: Paying Back

$800.00   Loan Amount
67% repaid

About the Entrepreneur

Name: Jumaboy Aminov
Location: Istaravshan, Tajikistan
Activity: Food Production/Sales

About the Loan

Loan Amount: $800.00
Loan Use: To purchase rice to increase his range of business.
Repayment Term: 12 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: N/A
Date Listed: Mar 25, 2009
Date Disbursed: Mar 20, 2009
Date Funded:Mar 25, 2009

About the Country

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



Jumaboy Aminov is married and has two children. He runs a small business selling rice in the local market. His place is located in the main market aisle, where there are many customers every day. Jumaboy has been in this business for over ten years. He is a high achiever and a consistent entrepreneur who is very knowledgeable about the market environment. His professional skills and perseverance have helped to ensure rapid growth and success of his business.



Jumaboy is requesting a loan for $800 to increase the assortment of his sales inventory. He is hoping that this loan will help his venture grow and generate extra profits. We believe that Jumaboy's ability to identify tasks critical to business success and set up a system for accomplishing them will allow him to continue growing in the sphere of private entrepreneurship.



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 for its famous great thinkers, philosophers, scientists and poets: 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 Jumaboy Aminov


Loan has been disbursed
 
Entrepreneur: Jumaboy Aminov
Location: Istaravshan, Tajikistan

Thank you for your loan. It has been disbursed to Jumaboy Aminov 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 Istaravshan, Tajikistan
Mar 26, 2009
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Kiva Help Repayment Schedule for Jumaboy Aminov

  Expected Repayments Actual Repayments Comments
June 2009 $70.32 $70.31 Repayment Received
July 2009 $72.32 $72.32 Repayment Received
August 2009 $74.36 $74.36 Repayment Received
September 2009 $76.47 $76.48 Repayment Received
October 2009 $78.64 $78.64 Repayment Received
November 2009 $80.87 $80.87 Repayment Received
December 2009 $83.16 $83.16 Repayment Received
January 2010 $85.51 Available Jan 1  
February 2010 $87.94 Available Feb 1  
March 2010 $90.41 Available Mar 1