A loan of $1,150 helped to purchase an instrument required for the diagnostics of cell phones.

Farrukhdjon's story

T. Farrukhdjon has a small business capitalizing on the huge demand in Tajikistan for cell phones and related accessories. He started selling phones a year ago and now has a small stand in a market. He is not married yet but despite his young age he supports his parents. Farrukhdjon’s business is very personal. Often he will get a request for a specific phone or accessory and he will make a special effort to find it if he does not have it in stock. At the same time Farrukhdjon provides the service of repairing cell phones. Farrukhdjon has requested a loan to give him extra capital to purchase an instrument that is required for the diagnostics of cell phones. IMON International is happy to be able to provide the means for Farrukhdjon to strengthen his business and continue working toward his goals.

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

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