Nazira A. is 52 years old. She is married with three adult children. For almost for 10 years, Nazira has had a beauty salon. Every day, she services many brides. She offers bridal dresses, manicures, pedicures, make-up and hair styles. Her salon is always full of clients, because she does her job professionally.
She wants to take a loan to expand her business. She wants to buy additional equipment and hire an employee. Nazira likes her job very much, because she likes to see the smiles of happy brides every day.
More about Tajikistan and IMON International
Tajikistan is one of the poorer of the 15 former Soviet republics, with a GDP per capita of less than $600. The civil war, which took place soon after its independence from the U.S.S.R., severely damaged the already weak economic infrastructure and caused a sharp decline in agricultural production and the manufacturing sector. In addition, 93% of the country is mountainous and only 7% of the land is arable. All of these factors have resulted in a severe lack of jobs and have forced hundreds of thousands to leave Tajikistan to find work in other countries, mostly in Russia. While Tajikistan has experienced some economic growth since the end of the Civil War, nearly two-thirds of the population still lives in abject poverty.
IMON International's mission is to promote sustainable economic development and improved quality of life in Tajikistan by insuring reliable access to financial services for the economically active members of the population. IMON International has 8 branch offices throughout Tajikistan and their entrepreneurs work in many parts of the country's economic sector including trade, manufacturing, agriculture, and services. As of October 2008, IMON International had 27,802 active clients and a total portfolio of $28,405,549. Approximately 44% of these clients are women and 65% are from rural areas. 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.