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Kanoat
K. Kanoat is spoken of by her clients in a very caring way. She is married and has a child. Some years ago, she decided to dedicate herself, in an ambulatory way, to selling foodstuffs and opened her grocery near her house. Due to the large demand for her typical foodstuffs, she wishes in the future to open a cafe, which will offer better and more comfortable service to the population and increase the quantity of clients.

All of this would allow her to generate a larger income for her family, with the aim to elevate their quality of life and education. In order to carry this out, she is proposing to solicit a loan of 4,500 Somoni that will be invested in purchasing more foodstuffs for her grocery. With your help, Kanoat will be able to open her café some day and turn her wishes into reality.

More about Tajikistan and IMON International

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.

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

  • $1,388
    Average annual income
  • 175
    View loans »
    Tajikistan Loans Fundraising
  • $28,264,200
    Funds lent in using Kiva
  • 4.4
    Tajikistan Somoni (TJS) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped Kanoat increasing stock by purchasing goods for selling.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 13, 2009
Listed
Aug 20, 2009
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2010