A loan of $3,000 helped purchasing more food for increasing the range of goods for sale.

Saidodkhom's story

Saidodkhom is married and has 4 children. His family lives in Kumsangir, Tajikistan. Saidodkhom is a small entrepreneur and an owner of a grocery store, selling food items in his home town. His store is well known in his community for the variety of inventory and his reasonably priced, quality goods. Saidodkhom has managed to stay afloat for 5 years. He admits that it has been partly possible due to the consistent demand for the type of merchandise he offers for sale.

Saidodkhom is seeking a loan of $3000 USD to purchase additional merchandise and to increase his turnover capital. He has an enterprising spirit and is always full of ideas on how to improve his business and make it even more profitable. Saidodkhom has a good credit history, which secures prompt repayment of the current loan.

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

Lenders and lending teams

Loan details