Maruf N. is 30 years old. He lives in the town of Isfara. He is married and has a son. Maruf processes and sells dried fruits in the central local market. He is experienced in the business of dried fruits. He purchases dried fruits from local farmers at wholesale prices and after processing sells them to his customers. Because he buys his goods wholesale, his prices are lower than regular market prices. He offers a wide assortment of goods for clients of different means. All this allows Maruf to make his business quite successful, and it brings in a stable income for his family. Currently, he needs a loan of $800 USD to buy supplies so he can continue to offer quality products to his customers. Maruf expresses his gratitude to everyone supporting him.
Tajikistan is perhaps best known for its rich history and diverse culture, which is a mix of the Islamic faith, Soviet influence, New West culture, and Central Asian traditions. It served as a key post along the Silk Road and marked the end of Alexander the Great's extensive rule. It was the birthplace of the great Persian poet Rudaki and famous Islamic philosopher Ibn Sina. And it is home to epic mountain passes, communities that still speak the ancient Sogdian language, and a civilization that dates back to the 4th millennium BC.
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.
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.