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Hakim
R. Hakim, a very hard-working and responsible entrepreneur, lives in Istaravshan, Tajikistan with his wife and three children. For seven years Hakim has been working in the central city market selling blankets and coverlets, a business that enjoys stability and consistent growth. Once a month he travels to the neighboring city to purchase new goods, during which time his wife substitutes for him in the market.



Hakim enjoys working for himself, and his business is the main source of income for his whole family. He is now requesting a loan of $1500 USD to purchase new inventory. We believe Hakim‘s drive for success will help this young entrepreneur succeed and thrive in business. You can be an important part of the growth of Hakim’s business.

More about Tajikistan and IMON International

Tajikistan is perhaps best known for its rich history, which includes: its role as a key post along the Silk Road; the end of Alexander the Great's rule; and its famous great thinkers, philosophers, scientists and poets including 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. Even today, it is a complex mixture of the Islamic faith, Soviet culture, New West culture and Central Asian traditions.



However, 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, forcing 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

Additional Information

About IMON International

IMON International (IMON) is a micro-deposit organization in Tajikistan that provides entrepreneurs with access to high quality financial products and services, including business loans, agriculture loans, consumer loans and micro-leases. Aiming to alleviate poverty, the organization helps unbanked individuals establish businesses in different sectors, including manufacturing, agriculture and service. Kiva lenders’ funds will help the organization to expand its outreach to even more entrepreneurs, farmers and traders in Tajikistan.

About Tajikistan

  • $2,700
    Average annual income
  • 156
    View loans »
    Tajikistan Loans Fundraising
  • $29,362,000
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Hakim to purchase additional blankets and coverlets for his business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 20, 2009
Listed
May 25, 2009
Currency Exchange Loss:
N/A
Ended:
Dec 15, 2009