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Ilhomjon
Ilhomjon U. is a young clothing merchant from Istaravshan, Tajikistan. He started his small business when he was in his late teens and gradually, though much hard work, he has been able to develop it into quite a successful enterprise. Ilhomjon has the qualities it takes to succeed as an entrepreneur. Goal-oriented, hard-working and punctual, he is a natural businessman.

Funding from IMON International has been instrumental in helping Ilhomjon build his business. His first loan was for $1,500 and since that time, he has benefited from one additional loan while establishing a great credit history.

He has requested a loan of $2,000 to add to his available working capital. The ability to purchase large quantities of inventory in bulk saves time and expense for merchants such as Ilhomjon. He appreciates the availability of funding through IMON International. It allows him to take advantage of good opportunities and focus on growing his business so that he is able to adequately provide for himself and his family.

More about Tajikistan and IMON International

Tajikistan is known for its rich history, which includes a being key post along the Silk Road, and for 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
  • 177
    View loans »
    Tajikistan Loans Fundraising
  • $28,264,200
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Ilhomjon purchasing new clothing for selling.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 20, 2010
Listed
Jul 22, 2010
Currency Exchange Loss:
N/A
Ended:
Aug 17, 2011