A loan of $3,000 helped to purchase new clothing to sell.

Faizali's story

T. Faizali is a talented entrepreneur with a successful business selling teenager’s clothing and shoes at a busy market in Pyandj district, Tajikistan. He is not married and lives with his parents.

Faizali started his business three years ago out of a desire to earn a living and meet people’s clothing needs. He sells clothes that are both popular and affordable, which helps to ensure a strong demand for his products. Faizali is a serious business-owner who wants his business to be the best it can be while continuing to grow and be profitable. One of his main goals for the future is to have his own family and to build his own house.

Faizali has requested a loan of $3000 to purchase new inventory. The change of seasons makes this a busy time of year for business-owners like Faizali. This loan will help him keep a good supply of inventory on hand so he can meet customer demand and make a good profit.

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

Loan details

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Loan details