Yusufjon K. just turned 37 not so recently. He and his wife have raised two children. For six years Yusufjon has been involved in manufacturing wooden doors and window frames. Yusufjon’s eldest son helps him with the business. Yusufjon is respected and known in the neighborhood as a real master and this reputation has allowed him to earn a clientele. The business is stable and is generating the main income for the family. Today Yusufjon needs to purchase input materials such as lumber for his business. He is also planning to improve the working conditions of the business. In order to accomplish these tasks he requests a loan of $1100 USD with a term of 12 months. Considering that this is the first loan for Yusufjon he thanks all lenders for supporting and trusting him.
More about Tajikistan and IMON International
Tajikistan is perhaps best known for its rich history, which includes a key post along the Silk Road, the end of Alexander the Great's rule, and its famous great thinkers, philosophers, scientists, and poets such as Rudaki, Ibn Sina (Avicenna), Firdousi, Omar Haiyam, Jomi, Mavlavi Rumi, and many others. 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. Even today, its culture is a complex mixture of the Islamic faith, Soviet culture, New West 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 its 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 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
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.