A loan of $3,000 helped a member purchasing the flour as a wholesale for baking the national bread “lepeshka”.

Yakubdjon's Group's story

B. Yakubdjon is 50 years old. Together with his wife they have raised two children. Yakubdjon is an experienced bread baker. He has been doing this business for more than 30 years. Yakubdjon is baking the national bread “lepeshka” at home. His children and wife (pictured) help him with his business. Having many customers Yakubdjon is selling the majority of his products just from his place. However, he is also running the trading place in the central local market for selling the”lepeshka”. Now Yakubdjon requests $3000 USD. He is planning to purchase the flour at wholesale for his business. Yakubdjon is grateful for all supporting him and promises to manage the loan with accuracy.

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

In this group: Yakubdjon

Loan details

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Loan details