A loan of $2,975 helped purchasing of seeds, fertilizer and young cattle.

Makhsud's story

Z. Makhsud is 34 years old, married, and has three children. Makhsud has been a farmer since he was very young. He plants potatoes and other vegetables and also raises cattle at his house. Makhsud alternates the crops so that while one is growing the other is ready to be cleaned and prepared, until finally be begins to plant potatoes again. Growing potatoes is very profitable because there are certain seasons when prices are higher and farmers have the opportunity to increase their capital. Currently Makhsud needs funds for growing his crops and purchasing young cattle, and for that reason he applied to IMON International with the request of 13000 Somoni loan. He will spend this loan for buying seeds, fertilizer and young cattle.

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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Loan details