A loan of $3,000 helped to increase working capital with the purpose of developing the business.

Shafoat's story

Shafoat, 37 years old, is very active and enterprising. She is married, and together they have two school-aged children. Shafoat says that, due to the scarcity of work, she decided to help her husband with the family’s finances. For the past 10 years, she has dedicated herself to the sale of women's clothing in the market. The credits obtained through IMON International in the past helped her purchase more merchandise and augment her sales, which, in turn, created better revenue. Her friends admire her greatly, given that she is a dedicated mother and wife, in addition to being good at sales. Today, Shafoat seeks a new loan to be able to buy a lot of merchandise that her suppliers offered her at a good price; she wishes to take advantage of this opportunity. In this way, she can offer her wares at competitive prices without affecting her returns.

More about Tajikistan and IMON International

Tajikistan is perhaps best known for its rich history and diverse culture, which is a complex mixture of the Islamic faith, Soviet influence, New West culture, and Central Asian traditions. It served as a key post along the Silk Road and marked the end of Alexander the Great's extensive rule. It was the birthplace of the great Persian poet Rudaki and famous Islamic philosopher Ibn Sina. And it is home to epic mountain passes, communities that still speak the ancient Sogdian language, and a civilization that dates back to the 4th millennium BC.

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