100%

funded

Total loan: $1,150

Rano

Dushanbe, Districts of Republican Subordination, Tajikistan / Retail

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A loan helped To buy summer stock for her shoe store.


Rano's story

Rano D. is the divorced mother of two children. She is a private entrepreneur who works in the central city market selling women’s shoes. She offers a large variety of shoes at reasonable prices. Rano has been in business for 10 years. She has benefited a lot from 4 years of partnering with IMON International, Tajikistan. Lending services have helped her buy a new vending facility in a different part of the city, reach sustainability in her business, and have given her confidence for the future. Rano requests a loan of 5000 Somoni to re-stock her inventory and purchase shoes wholesale for the summer season. She believes that the sphere of market trade where she works is a promising niche and will continue to grow and develop in the future. 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 BC. 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