Funded

Total loan: $1,100
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Mehmon


A loan of $1,100 helped to buy mineral fertilizer.


Mehmon's story

Mehmon is a hardworking man. He is married and the father of three children. Mehmon is engaged in a farming business. He cultivates potatoes and wheat. Mehmon wants to improve his living conditions and to expand his business. Mehmon would like to get a loan of 5,000 TJS for purchasing mineral fertilizer in order to get a good harvest and to make a good profit. With the profits he hopes to make, he plans to purchase cattle. This loan will be the first loan which he applies to Imon International.

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

Loan length:

12 months
Repayment schedule: Irregularly
Disbursed date: June 8, 2011
Facilitated by Field Partner: CSC MDO "IMON International"

Lenders and lending teams



Loan details

Loan length:

12 months
Repayment schedule: Irregularly
Disbursed date: June 8, 2011
Facilitated by Field Partner: CSC MDO "IMON International"