100%

funded

Total loan: $2,300

Otabek

Tursunzade, Districts of Republican Subordination, Tajikistan / Retail

Otabek's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!


A loan helped To purchase more spare parts in order to increase the range of goods.


Otabek's story

B. Otabek is 24 years old and married. For the past two years, he has owned a shop from which he sells spare moped engine parts. The income he earns allows him to support his family, including his parents. To meet his customers’ constantly growing demand, Otabek would like to increase his shop’s capacity. The profits from increased sales will allow him to continue to improve his living conditions. This loan will greatly improve Otabek’s income and his family's living standards.

More about Tajikistan
Tajikistan, a key post on the Silk Road, is perhaps best known for its rich history. It was the location for the end of Alexander the Great's rule, and is known for its great thinkers, philosophers, scientists and poets such as Rudaki, Ibn Sina (Avicenna), Firdousi, Omar Haiyam, Jomi, Mavlavi Rumi and many others. The country, with its epic mountain passes, is home to communities that still speak the ancient Sogdian language and a civilization that dates back to the fourth millennium BC. Even today, it is a complex mix 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 USSR, damaged the already weak economy. In addition, 93 per cent of the country is mountainous and only 7 per cent of the land is arable. These conditions have resulted in high levels of unemployment and have forced hundreds of thousands of people 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.

More about IMON International
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