A loan of $2,800 helped expand grocery store inventory; construction materials.


Muhabbot's story

Muhabbot is 55 years old. He is married and the father of 6 children. Muhabbot owns a grocery store and provides for his family with the revenue generated by the grocery store. In addition he buys and sells construction materials with the help of his sons in the construction market. He is requesting a loan of US $2800 for the term to increase the stock of foodstuffs in his grocery store and also for construction materials.

Muhabbot is ready to work even harder, make sacrifices and push every once and awhile to achieve his goal and become a successful entrepreneur. One of his dreams is that his children progress by means of their studies, for which he is doing his best. We believe his perseverance and clear vision will become key success factors in his small business.

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



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Loan details