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Mirzaeva Kumri is 53, married and the loving mother of four children. Kumri owns a successful clothing and shoe sales business located at the Sakhovat market in Dushanbe, Tajikistan.

She has been doing this business for about 13 years. Her business has benefitted from a good sales location and constant demand for her products. Kumri tries to offer good prices to her customers while still making a profit. A normal monthly income from her business is around 1500 Somoni (+- US$350).

Kumri has requested a loan to increase her product inventory and stock. This is a busy time for many market vendors as the cold season is coming and everyone is preparing for winter season. By purchasing more stocks, Kumri will be better prepared to meet increased demand and earn a good income.

We believe her perseverance and natural liveliness will help her continue to succeed in her trade and repay this loan on time. (See also her profile on Kiva)

This loan goes through “Imon”, the local micro financing partner of Kiva.

Loan Request: $750
Repayment terms: 9 months (Deadline Sept 15 2009)
We gave her a loan of US$50

This is The Road’s 14th social project. The funds for this loan were donated by the VK0IR Heard Island expedition team.

More on The Road’s social project “Change Starts Here”.
You can keep track of our project via our score card.

Danaya women in Mali

The women of the Danaya group bought bags of néré nuts for making into soumbala and for resale in Bamako (the capital of the Republic of Mali).

The loan enabled them to increase the scale of their businesses and led to an increase in demand and sales. According to the women of the Danaya group, prospects are good because they rarely run out of stock and the customers are pleased the quantity available and the quality offered. The group always made their loan payments and obtained the projected profit.

This loan has now been repaid.

We received this update from Kiva:

This is an update on your loan to ALEXA Group in Nicaragua.

Yesterday I met with Vilma Flores Lopez, the coordinator for the Alexa Group. A devout woman, Vilma thanks God everyday for helping her run a successful convenience store. Situated on a side road near the Masaya Market and a little off the beaten track, Vilma’s business runs primarily on repeat neighborhood customers.

She has used her Kiva loan to offer more products, thus increasing her revenue. Before she had the loan, Vilma lost quite a bit of money on items like oil and sugar. Now, she can afford to buy them in bulk and sell more.

Vilma hopes to exponentially grow her sales and use proceeds towards expanding her house little by little. With the help of Kiva and ADIM, she thinks she can complete her home very soon. She is very grateful to all of you for your support.

Aseria Iulio is a 42 year old woman with 10 children living in Mutiatele. She has a plantation where she sells taro and yams. She sells them to the people in the village and the people who passed by the main road (public) or even the flea market in town.

Aseria has running her plantation for more than 4 years now and her husband help with the work. She makes $380 tala each week and she spends $200 tala each week on supplies of her equipment and things needed. She is requesting another loan to increase the output from her plantation.

Hopefully she will be able to double her profits to pay for her children’s school fees and reinvest in the business.