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Mehmonboy
V. Mehmonboy is a simple farmer with simple dreams – to improve his family’s economic life and to be able to send his dear children to University in the future.

Farming has been his major source of income. He grows different kinds of vegetables and also raises cattle. Now he is requesting a loan of $2,200 to support his farming business and to avoid asking for credit from traders charging higher interest. He is grateful that he was able to borrow from a lender that offers lower interest rates and creates better opportunities in their lives. This will help their family to be free from poverty.

Mehmonboy said that through prayers and hard work, his dreams can be achieved someday. Providing his children with education is one of the important things that Mehmonboy prioritizes.

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

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

  • $2,700
    Average annual income
  • 176
    View loans »
    Tajikistan Loans Fundraising
  • $29,362,000
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,200 helped Mehmonboy to purchase seeds and fertilizer.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Oct 8, 2010
Listed
Oct 28, 2010
Currency Exchange Loss:
N/A
Ended:
Sep 17, 2011