A loan of $925 helped increasing of the working capital with the purpose of development of business.

Kholbibi's story

For more than 20 years Kholbibi is running clothing sales business in the central market of Dushanbe, Tajikistan. She is divorced and the mother of 4 children. She opened her business with the hope of supporting her children with everything they may need especially education. Her investment skills and integrity, combined with the assistance of microfinance loans through IMON International, have helped her to successfully and consistently grow her business. Kholbibi is a focused and generous entrepreneur. Currently she is seeking a loan of 4000 Somoni to purchase inventory in bulk. With the additional profits, Kholbibi plans to work toward opening a department store in the local city mall. Additionally, Kholbibi plans to use extra profits to make home improvements and raise her family’s standard of living.

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

Loan details

Lenders and lending teams

Loan details