Funded

Total loan: $2,000
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Mahmud

Tajikistan
Isfara, Tajikistan / Grocery Store

A loan of $2,000 helped purchasing foodstuffs to increasing the range of goods for selling.


Mahmud's story

Mahmud is married and has two children. For the last eight years, he has made a living running a grocery store that offers a large variety of foods. It's a great place to shop because customers can buy everything they need in one place. He also has good prices and discounts that help him to attract new clients and retain existing ones.

Mahmud has applied for a loan to increase his inventory of items to sell. His goal is to continue to expand his business.

More about Tajikistan and IMON International

Tajikistan is known for its rich history, which includes being a key post along the Silk Road, and for 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

Loan length:

14 months
Disbursed date: September 20, 2010
Facilitated by Field Partner: CSC MDO "IMON International"

Lenders and lending teams



Loan details

Loan length:

14 months
Disbursed date: September 20, 2010
Facilitated by Field Partner: CSC MDO "IMON International"