A loan of $2,725 helped to buy columns, lamps, batteries, chargers, flashlights, etc.

Uktam's story

Uktam is married and has 6 children. His wife is a housewife. Uktam sells different household accessories such as columns, lamps, batteries, chargers, flashlights, etc. He has successfully operated this business for 11 years. His current working capital is 40,000 TJS.

Uktam travels four times a month to the city of Dushanbe, where he purchases goods amounting, on average, to 6,000 TJS. All his taxes are paid on time and he has regular customers. Uktam would like to get a loan of 12,500 TJS to purchase more columns, lamps, batteries, chargers, flashlights, etc. in order to expand his business and to make a good profit.

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

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