A loan of $2,500 helped to purchase bedclothes and towels for selling.

Nazmiddin's story

Nazmiddin is married and has two children. He lives with his family in Khujand, Tajikistan. Nazmiddin sells good-quality bedclothes and towels in the central city market. His vending kiosk is well-known in the market for a wide assortment of goods at affordable prices.

Nazmiddin started his venture eight years ago. He is hoping to expand the assortment of his goods and is requesting a loan of $2,500 USD. His perfect credit history with IMON International proves his integrity and capacity to repay the current loan. We believe Nazmiddin’s ability to transform his business into what he wants it to be and make profit in the process will lead him to ultimate success in the venture.

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

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Loan details