Last updated February 20, 2013

Partner Description:

IMON International (IMON) is a microfinance institution in Tajikistan that provides 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.

Tajikistan is one of the poorest countries in Central Asia, with about half of the population living on less than US$2 per day. The civil war, which ignited soon after its independence from the Soviet Union, further damaged its 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. In fact, remittances account for 40% of Tajikistan’s GDP.

With 16 branches throughout Tajikistan, IMON has helped more than 50,000 people to date and has a portfolio of over $68 million. Approximately 38% of these clients are women and 60% live in rural areas. Kiva lenders’ funds will help the organization expand its outreach to even more entrepreneurs, farmers and traders in Tajikistan.

IMON International’s impact and partnerships:

According to the Association of Microfinance Organizations in Tajikistan, IMON’s portfolio accounts for 29% of all the microfinance clients in the country. Additionally, IMON has an active and successful track record of working with various international donors and investors including MercyCorpsIFCGIZEBRDADB and more. Recently, the organization has shifted from focusing exclusively on micro-lending to offering deposit services as well, promoting a saving culture in the country.



A female borrower that used a loan from IMON to sew traditional wedding dresses.


Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Dec 24, 2007 Oct 12, 2005
Total Loans $11,128,600 $573,010,825
Amount of raised Inactive loans $0 $311,275
Number of raised Inactive loans 0 306
Amount of Paying Back Loans $2,040,750 $117,333,875
Number of Paying Back Loans 1,935 122,956
Amount of Ended Loans $9,087,850 $455,365,675
Number of Ended Loans 7,732 580,312
Delinquency Rate 0.36% 3.62%
Amount in Arrears $4,966 $2,773,489
Outstanding Portfolio $1,372,661 $76,542,883
Number of loanDelinquent 13 11,589
Default Rate 0.02% 1.08%
Amount of Ended Loans Defaulted $1,641 $4,927,943
Amount of Ended Loans $9,087,850 $455,365,675
Number of Ended Loans Defaulted 1 15,212
Currency Exchange Loss Rate 0.00% 0.07%
Amount of Currency Exchange Loss $0 $406,266
Refund Rate 0.52% 0.78%
Amount of Refunded Loans $57,375 $4,479,350
Number of Refunded Loans 52 5,008

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 51.43% 74.23%
Average Loan Size $1,151 $418
Average Individual Loan Size $1,151 $656
Average Group Loan Size $3,000 $1,823
Average number of borrowers per group 2 8
Average GDP per capita (PPP) in local country $1,388 $3,442
Average Loan Size / GDP per capita (PPP) 82.90% 12.16%
Average Time to Fund a Loan 10.59 days 5.5 days
Average Dollars Raised Per Day Per Loan $108.62 $76.14
  Average Loan Term 12.43 months 10.24 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 6,302 286,081
  Journaling Rate 81.49% 42.44%
  Average Number of Comments Per Journal 0.07 0.08
  Average Number of Recommendations Per Journal 1.71 1.94

Borrowing Cost Comparison (based on 2012 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Portfolio Yield 33.00% 35.00% 33.65%
  Profitability (return on assets) 5.9% 3.6% -1.29%
  Average Loan Size (% of per capita income) 113.20% 135.00% 41.84%

Country Fast Facts

Field Partner Staff

Jahongir Abdulloev
Gulbahor Makhkamova
Umeda Normatova