Funded

Total loan: $1,500
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Islomidin

Tajikistan
Tursunzade, Tajikistan / Animal Sales

A loan of $1,500 helped to purchase cows for resale.


Islomidin's story

Islomidin S. is 39 years old and married with three school-aged children. Islomidin has been in the business of selling cows for over eight years. He buys them from villagers and throughout the nearby province to raise them for resale to abattoirs and farmers. His wife has been a fruit seller for two years. Islomidin is requesting a loan of $1,500 USD to purchase additional cows. This loan will allow Islomidin to expand his business and better provide for his family.

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



Loan details

Loan length:

14 months
Disbursed date: October 1, 2010
Facilitated by Field Partner: CSC MDO "IMON International"

Lenders and lending teams



Loan details

Loan length:

14 months
Disbursed date: October 1, 2010
Facilitated by Field Partner: CSC MDO "IMON International"