Funded

Total loan: $1,600
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Abdumavlon

Tajikistan
Isfara, Tajikistan / Transportation

A loan of $1,600 helped purchasing spare parts for maintenance of his minivan.


Abdumavlon's story

Abdumavlon is married with two children. He owns a minivan and offers transportation services in the city. He understands his role as the head and provider for his family, and is ready to work 24/7 to provide for the needs of his loved ones. He has been faithfully working in this business for eight years.

Abdumavlon has found his niche in this business. Today, it’s a lot harder to start your own business as a public van driver. Currently, Abdumavlon’s net profit is about $500 a month. An economical diesel engine in his vehicle helps him reduce his operating costs and adds to his bottom line. Loans that Abdumavlon has received from IMON International have helped to promote stability and growth in his business.

Abdumavlon is asking for a loan of 7,000 Somoni to purchase necessary car parts to fix his minivan. He understands the effort and commitment it takes to be a private entrepreneur and is willing to work hard in his business to be able to support his family, which is the first priority in his life.

More about Tajikistan and IMON International

Tajikistan is known for its rich history, which includes being a key post along the Silk Road, and for 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: January 17, 2011
Facilitated by Field Partner: CSC MDO "IMON International"

Lenders and lending teams



Loan details

Loan length:

14 months
Disbursed date: January 17, 2011
Facilitated by Field Partner: CSC MDO "IMON International"