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Zafar
Zafar is married and is the father of two small children. He and his family live in Dushanbe, Tajikistan. Zafar started his own small venture after his relatives suggested he should try his luck as a market vendor. Today Zafar runs a small business selling junior clothing, primarily selling to teens and young people. His vending facility has a very favorable location and offers a large assortment of merchandise, and this attracts many customers.


Zafar believes that financial support from IMON International has helped him boost his sales and grow his business. He would like a loan of 5,000 Somoni to purchase inventory wholesale. Zafar believes this loan will help him further develop his business and get additional income to improve his family’s living standards.


More about Tajikistan


Tajikistan is perhaps best known for its rich history, which includes being a key post along the Silk Road and being the location of the end of the rule of Alexander the Great. It is also known for its famous great thinkers, philosophers, scientists and poets, such as Rudaki, Ibn Sina (Avicenna), Firdousi, Omar Haiyam, Jomi, Mavlavi Rumi, and many others. The country, filled with epic mountain passes, is home to communities that still speak the ancient Sogdian language, and boasts a civilization that dates back to the fourth millennium BC. 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 percent of the country is mountainous and only 7 percent 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.


More about IMON International


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
  • 172
    View loans »
    Tajikistan Loans Fundraising
  • $29,362,000
    Funds lent in using Kiva
  • 4.4
    Tajikistan Somoni (TJS) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,150 helped Zafar to increase working capital to develop the business.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 22, 2009
Listed
Jul 23, 2009
Currency Exchange Loss:
Covered
Ended:
May 15, 2010