R. Olimjon, age 28, owns a computer club where people can use computers, play video games, and work. He rents a small office on the ground floor of a housing complex. He has been in this business for the past three years. When Olimjon receives credit, he plans to restore several computer systems that are currently out of order. He will also buy additional computers. This will provide Olimjon with an opportunity to increase the number of working computers in his club. This credit will help people who do not have home access to a computer to visit Olimjon's club and use computers there. Some of his customers will pursue improving their computer skills and others can make new friends through video games and gain necessary educational information. The loan will greatly improve Olimjon’s income and his family's living standards.
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 site of 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 epic mountain passes, communities that still speak the ancient Sogdian language, and 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.
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.
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.