A loan of $3,000 helped purchasing flour wholesale for baking the national bread “lepeshka”.

Fotima's story

A widowed mother of three, Fotima has worked tirelessly for the past 14 years to develop her bakery business. A resident of one of the most impoverished areas of Tajikistan, Fotima has determined to provide the best standard of living possible for her family of five. With the spirit of a true entrepreneur, Fotima opened the only bakery kiosk in the Kumsangir market. As such, she has been successful in maintaining stable growth in this novel business.

Fotima is a woman of character and strength. Her determination and integrity have helped her to develop a strong reputation among clients and fellow entrepreneurs. Currently, Fotima is seeking a loan for 3000 USD to purchase stable shelf ingredients for baking. With the increased profits, Fotima hopes to help her children with the expense of their studies.

More about Tajikistan and IMON International

Tajikistan is known for its rich history, which includes 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

Loan details

Lenders and lending teams

Loan details