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Rashid
C. Rashid is 30 years old, married, and has four children. He has been selling spare bicycle parts in the local market for the past 7 years. He began his business with a loan from IMON, and was gradually able to build up a permanent customer base and increase the variety of goods he sold. Since 2007, his profits have increased by three times, and he believes that the loans have had a significantly positive impact upon his business.


Rashid has used his earnings to improve his family’s living conditions, and is doing his best to meet all of his children’s needs. He would like to request a loan of $900 in order to purchase spare parts for bicycles and increase the range of his goods, and use the profits to continue to support and contribute to his family.

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
  • 132
    View loans »
    Tajikistan Loans Fundraising
  • $27,936,300
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $900 helped Rashid purchasing of the spare parts for bicycles in order to increase the range of goods for selling.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Aug 6, 2008
Listed
Jul 18, 2008
Currency Exchange Loss:
N/A
Ended:
Sep 15, 2009