A loan of $1,075 helped to purchase spare parts to maintain his taxi.

Hazratkul's story

Hazratkul makes a living using his taxi to transport people around Penjikent and surrounding areas. Personal vehicles are too expensive for most people to afford in Tajikistan. Transportation services such as buses and taxis like Hazratkul’s provide a valuable means of getting around for many, many people. Hazratkul currently makes around $10-$20 per day, enough for him to support himself and his family. Hazratkul has requested a loan of 5000 Somoni to help him with some maintenance on his taxi. He has been in business for 11 years and has put a lot of kilometers on his car. Eventually he’d like to purchase a much newer car, but until that time, this loan will help him keep his vehicle in good working order.

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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