A loan of $1,500 helped purchasing of clothing for selling.

Gulshan's story

Gulshan lives in the town of Istaravshan with her husband and three children. She has had a retail business for about 8 years and is in the process of expanding it. Gulshan sells a variety of clothing for women in local market. By offering a range of clothing items, she provides a convenient stop for her customers who often will buy more than just one item from her. Gulshan has requested a loan to increase her working capital and help sustain her business. Purchasing inventory from wholesalers has required a substantial investment from Gulshan, which is why she decided to obtain a loan. This loan will give her added flexibility and will help cover some of her growing expenses while she develops a larger business. Additional profits generated by her business will provide her with stable income and the ability to support her family financially.

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