100%

funded

Total loan: $1,150

Karomat

Dj.Rasulov, , Tajikistan / Food

Karomat's loan finished fundraising, but these other borrowers need your support


A loan helped To purchase more foodstuffs to sell.


Karomat's story

A. Karomat is married and has two adult children. She sells groceries like biscuits (cookies), sugar, juices, soft drinks and other items and has been engaged in this business together with her son (pictured) since her early years. Her husband is a pensioner. Karomat uses her income to assist her husband in meeting the family's financial needs. Currently Karomat needs a loan of 5,000 Somoni. She will use the loan as additional capital to buy more foodstuffs to sell. With the new profits from her expanded business, Karomat plans to save toward extending her house to meet the needs of her family. More about Tajikistan and IMON International Tajikistan is known for its rich history, which includes a key post along the Silk Road and the end of Alexander the Great's rule. It has also produced great thinkers, philosophers, scientists and poets, including Rudaki, Avicenna, Ferdowsi, Omar Khayyam, Jomi, and Rumi. 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 B.C. And, even today, it is a complex mixture of the Islamic faith, Soviet culture, New West culture and Central Asian traditions. 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. IMON's History 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