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Abdukholik
Abdukholik runs a small business, selling household goods in Khujand’s busy central market called Panjshanbe. He is married with two children. After school, he was not able find a good-paying job, so he decided to go into business for himself. He has now been self-employed in his current business for eight years and is the sole breadwinner for his family.

Abdukholik is very determined and serious about his business. These characteristics have helped him promptly repay six loans from IMON International. Maintaining a reasonable pricing policy and client-friendly service have always been priorities in Abdukholik’s work and have ensured the success of his business.

Abdukholik is asking for a loan of $3,000 to increase his assortment of goods. The loan will not only be beneficial for Abdukholik’s business as it will promote its expansion, but it will also help him meet his household expenses and set aside some savings for future needs.

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.

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
  • 122
    View loans »
    Tajikistan Loans Fundraising
  • $27,951,725
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Abdukholik purchasing more foodstuffs for increasing the range of goods for selling.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 19, 2011
Listed
Jan 21, 2011
Currency Exchange Loss:
N/A
Ended:
Jul 17, 2014