A loan of $2,300 helped to purchase more foodstuffs to increase the range of goods for sale.

Abdukholik's story

Abdukholik is married and has three children. He sells food products in the market. Abdukholik knows his customers’ preferences and always offers them only good quality items. He has been in the food market trade for about 5 years. His business has been marked with consistent stability.

Abdukholik is hoping to invest a loan of $2,300 USD in additional merchandise, which will help him eventually increase his turnover capital. He has a vision for the expansion of his business and we believe this loan will be helpful to his entrepreneurial endeavors. It will help Abdukholik to persist, taking small steps at a time to achieve success, which we think will be absolutely inevitable.

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

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Loan details