A loan of $3,000 helped purchasing small cattle for developing business.

Olimkhon's story

Olimkhon K. is a 44 year old married man who lives with his 4 children and wife and owns a cattle breeding business. Olimkhon has 7 years of experience in this field. Since cattle raising and selling is a profitable business, Olimkhon has become a very successful businessman. Olimkhon has a friendly family who are always trying to help each other. He works very hard and spends his weekend time with the cattle, cleaning them, feeding and pasturing. Now, Olimkhon wants to expand his business and buy more cattle. So that Olimkhon applied for a loan of $3,000 USD. He promises to repay the loan without any violation and thanks all lenders for their support.

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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