Ziyodullo O. is 55 years old. He is married and has five children of school age. Ziyodullo is producing the national cradles. The national cradles in Tajikistan are very colorful. They are made of wood. As a rule, the national cradle is presented by the grandparents when the baby is 40 days old and this event is celebrated in the family circle.
Ziyodullo has been in this business for 11 years. The finished products are purchased from the house of Ziyodullo. The business stability has allowed an income to ensure the family has the possibility to improve their living conditions.
Ziyodullo has been working with IMON for two years. For the entire period of time, he had shown himself as a successful client, managing his loans with accuracy and precision. Today, Ziyodullo requests a loan in the amount of 6900 Somoni in order to purchase planks and paints for producing the cradles.
More about Tajikistan and IMON International
Tajikistan is known for its rich history, which includes being a 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.
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.