Funded

Total loan: $1,500
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Shogado

Tajikistan
Dushanbe, Tajikistan / Clothing Sales

A loan of $1,500 helped to purchase new goods.


Shogado's story

Shogado is married and lives with his wife and five children. He sells men's clothing at the central market. Shogado has been in this business for 14 years. He is young and full of energy to develop this business further, for it is the only income in their family. Shogado would like to borrow $1500 US to increase his clothing assortment. He plans to increase sales during the coming spring season and he needs to get ready for it.

More about Tajikistan and IMON International: Tajikistan is perhaps best known for its epic mountain passes and rich history which includes its place as a key post along the Silk Road and events at the end of Alexander the Great's rule. It has produced famous thinkers, philosophers, scientists and poets, including Rudaki, Ibn Sina (Avicenna), Firdousi, Omar Haiyam, Jomi, Mavlavi Rumi and many others. The country is home to communities that still speak the ancient Sogdian language and a civilization that dates back to the 4th millennium BC. 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. A civil war, which ignited soon after its independence from the U.S.S.R., further damaged an 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 productivity and the 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 viable business prospects. 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: February 8, 2011
Facilitated by Field Partner: CSC MDO "IMON International"

Lenders and lending teams



Loan details

Loan length:

14 months
Disbursed date: February 8, 2011
Facilitated by Field Partner: CSC MDO "IMON International"