A loan of $1,500 helped to buy more shoes to sell.

Abdumalik's story

Abdumalik is a small business owner from Khujand, a city in the central part of Northern Tajikistan. He works to support his family by selling footwear at a busy central market called “Panjshanbeh”. Abdumalik has been in business for about eight years and makes around $200-$300 per month. Eventually he would like to open a second vending location to increase his sales and profits. Abdumalik has requested a loan of $1,500 USD to add to his working business capital. He has developed a good reputation and credit history with IMON International. We look forward to many more opportunities to assist Abdumalik with the success of his business.

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 fourth 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

Lenders and lending teams

Loan details