A loan of $3,000 helped purchasing new fabrics for the business.


Ugul's story

Ugul, an entrepreneur from Isfara, Tajikistan, sells fabric merchandise in the central mall of her hometown. In this business for 19 years, Ugul is seeking a loan of $3000 USD to purchase additional inventory for further retail sale in her little store. She is hoping to buy new, trendy fabrics that sell well among numerous mall customers.



Ugul can be characterized as a solvent borrower quite capable of loan repayment. She has gained a reputation for responsibility both in her financial obligations and in keeping her word. We are happy to have another opportunity to assist her with the operation of her business.



More about Tajikistan and IMON International



Tajikistan is known for its rich history, which includes its role as 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



Loan details


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Loan details