A loan of $2,325 helped to purchase new shoes.

Nurullo's story

R. Nurullo is a lively entrepreneur with a small business selling shoes for women at the central market in Dushanbe, Tajikistan. He is a very experienced entrepreneur having been self-employed for the past eight years. Business has been good for Nurullo as there is always a demand for shoes. Nurullo is a married man with four children. He is doing his best and he works hard to ensure that all his children have a good future.
Nurullo has requested a loan of 10,000 somoni to increase his available working capital. Eventually, Nurullo hopes to have his own small store. This loan will help him purchase new inventory and continue to invest in his business.

More about Tajikistan and IMON International:

Tajikistan is perhaps best known for its epic mountain passes and its rich history which includes its place as a key post along the Silk Road and events at the end of Alexander the Great's rule. It has produced famous thinkers, philosophers, scientists and poets, such as Rudaki, Ibn Sina (Avicenna), Firdousi, Omar Haiyam, Jomi, Mavlavi Rumi and many others. The country is home to communities that still speak the ancient Sogdian language and a civilization that dates back to the 4th millennium BC. 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. A civil war, which ignited soon after its independence from the U.S.S.R., further damaged an 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 productivity and the 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 viable business prospects. 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

Lenders and lending teams

Loan details