Mubashira's income helps her to build, little by little, a dowry for her two daughters. They are growing up and will soon be eligible to marry. Lending services from IMON International lent key support for Mubashira as she has developed her business. She has proven to be a great client and has maintained a perfect payment record. Mubashira is requesting a loan of 2000 Somoni ($600 USD) to boost her available capital so she can purchase new inventory. We are grateful for the opportunity to further assist in the success of this dedicated entrepreneur.
More about Tajikistan and IMON International:
Tajikistan is perhaps best known for its rich history. History of note includes: it was once a key post along the Silk Road; the end of Alexander the Great's rule; the birthplace of the great Persian poet Rudaki; and the birthplace of the most famous Islamic philosopher Ibn Sina (Avicenna). 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, and Central Asian traditions.
However, 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.
Since December 2007, IMON International has worked closely with Kiva and Kiva lenders to ensure that poor and low income clients have a viable business proposition when they request a loan. Funds raised through Kiva have already been distributed to thousands of IMON International's clients and IMON 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
About IMON InternationalIMON 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.
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