Funded

Total loan: $1,150
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Otabek


A loan of $1,150 helped to buy seeds, fertilizer, fuels and lubricants.


Otabek's story

T. Otabek is 50 years old and lives in Shahristan town with his wife who helps him with the living expenses. Otabek has two children who also help him.

For seventeen years he has worked his land which produces potatoes and onions. His greatest dream is to be able to establish more crops to that he can leave equal parts to his children. He started farming when his parents taught him to work in this way. Otabek is requesting financing to be able to buy supplies to apply to his crops in order to get a good yield and sell more in the market.

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

Loan length:

10 months
Repayment schedule: Irregularly
Disbursed date: June 19, 2009
Facilitated by Field Partner: CSC MDO "IMON International"

Lenders and lending teams



Loan details

Loan length:

10 months
Repayment schedule: Irregularly
Disbursed date: June 19, 2009
Facilitated by Field Partner: CSC MDO "IMON International"