Our today’s loans went to Tajikistan and beyond

Mavlyuda Nuralieva in Tajikistan

Mavlyuda Nuralieva in Tajikistan

We got $725 loans repaid today, and reinvested them in new microfinance projects. As Tajikistan is one of the poorest countries in the world, we concentrated the majority of today’s loans on that part of the world.

Tajikistan is known for its rich history, which includes being a key post along the Silk Road and the end of Alexander the Great’s rule. It has also produced great thinkers, philosophers, scientists and poets, including Rudaki, Avicenna, Ferdowsi, Omar Khayyam, Jomi and Rumi. 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.

Mavlyuda Nuralieva was one of the entrepreneurs we sponsored today. She is a married mother of four children. For more than 15 years, Mavlyuda has sold the national man’s coat called “chapan” and skullcaps.

Considering that her husband works as a teacher and earns little, the business of Mavlyuda has been a valuable source of income for her and her family over the past 15 years that she’s been in business. Mavlyuda has requested a loan of 13000 Somoni to purchase new inventory. This loan will help her to continue developing her business and provide a good income for her family.

Our today’s loans are:
Otgonbat Tseesuren in Mongolia: $50
Remie Dupal-ag in Philippines: $50
Nyame Ne Hene in Ghana: $100
Suraiyo Ashurova in Tajikistan: $50
Leoncia Arellano in the Philippines: $25
Zulmat Alyamova in Tajikistan: $50
Triunfadoras Women in Peru: $100
Nasiba Arabova in Tajikistan: $50
Monaniso Kurbonova in Tajikistan: $50
Rano Kamilova in Tajikistan: $50
Mavjudakhon Mavlanova in Tajikistan: $50
Mavlyuda Nuralieva in Tajikistan: $50
Yo Reinare women in Bolivia: $50

Update from Sandra Elba Rivera in Nicaragua

Sandra Elba Rivera and her mother

Sandra Elba Rivera and her mother

From Nicaragua:

It has been 10 months since Sandra Elba Rivera first received a Kiva loan, and in that time, her utilities sales business has improved markedly. After recently visiting her to see the micro loan effect on her business, Sandra Elba Rivera expressed to me how much the loan of $275 has helped her broaden her ability to compete with similar businesses in the area.

She has succeeded by increasing profits by 4 -11 % / a modest a modest amount over the course of the loan, primarily through the competitive purchase and sale of utilities Sales products at more cost-efficient prices.

Sandra Elba Rivera would like to personally thank all Kiva lenders who helped her achieve a level of professional success and personal fulfillment unimaginable before receiving a micro loan. She hopes to garner further support from Kiva lenders in future small business endeavors.

Update from the Confianza y Dignidad group in the Dominican Republic

The Confianza Y Dignidad group

The Confianza Y Dignidad group

An update from one of our loans in the Dominican Republic

Marcia Mejia is the Group Coordinator for the Confianza y Dignidad (Trust and Dignity) Bank of Hope in Hato Mayor.

This group of 5 hopes to utilize this microfinance loan to further establish their existing business ventures or create new operations in order to increase their profit levels.

Marcia has 2 teenage children, ages 18 and 14. Marcia plans to utilize this loan to increase the inventory of the products she sells. Currently Marcia sells a variety of men’s, women’s, and children’s undergarments. Marcia is dedicated to the success of her business as she dreams of one day owning her own large variety store and converting a room in her house to a store.

Loan funds will be used to increase current inventory levels and begin the process of creating a store.

Update from Maria España Ugaz Castillo in Peru

An update from Maria España Ugaz Castillo in Peru:

This morning I visited Maria at her stall behind the chicken-sellers in the Micaela Market, an eclectic collection of stands along the main road which connects Pucallpa to faraway Lima. Maria sells cooked beans out of two extra large pots. Every once in a while she interrupted our conversation to call out “Frijoles!” (“Beans!”) to passers-by. Maria gets up around 3:00 am to begin cooking the beans over charcoal. By 7:00 am they are ready. Maria works every day from Monday to Saturday, taking Sunday off to attend church.

Maria just received a new loan of 1500 soles (about $500) from Manuela Ramos through her communal bank, “Mujeres Perseverantes” (Persevering Women). She plans to use part of this loan to start up another business selling cooked meats in the evening from her home. The money will go toward purchasing plates and cups to serve the food to customers as well as toward more beans for her current business. Maria decided to start this additional business to supplement her income because bean sales have not been very good lately. Although Maria’s two adult sons, who are policemen in other towns, have helped Maria to pay her loans, she does not want to count on their help indefinitely.

Maria told me that the fact that her bean sales are down is due in part to competition from other sellers in the market. She also must face a lot of fluctuation in the price of beans, which makes having a steady income more difficult.

Maria is a widow and lives with her 25-year-old daughter who works as a secretary at a local school. Maria went to work for the first time after her husband died three years ago. Around that time Maria began working with Manuela Ramos and used her first loan to start her bean-selling business. Maria told me that she enjoys selling. Without her loans from Manuela Ramos, Maria told me, she would not have the capital to work. She is proud to have never gotten behind in her loan payments.

In this short video clip Maria talks about her goal of moving forward with her business.

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