A loan of $1,725 helped to purchase more foodstuffs to increase his range of goods.

Ismatullo's story

For the past 12 years, Ismatullo has sold flour and oil in the central market of Isfara, Northern Tajikistan. A married father of three, Ismatullo is determined to provide a better living for his entire family. Ismatullo is hardworking and persistent, giving him the ideal blend of entrepreneurial determination and service. Skilled in trade and abounding in character, Ismatullo has both a strong business base and a perfect credit history with IMON international. Currently he is seeking a loan to purchase more wholesale products and expand his business. With the increased income, Ismatullo plans to continue enlarging his business and improving his family's financial situation.

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