A loan of $600 helped to buy sheep.

Latif's story

Latif S. is a 43-year-old married man who lives with his daughter and owns a small farm. He lives and works in the small village of Penjikent, Tajikistan. Latif has a business raising and selling sheep. He has 5 years of experience in this field.

Because sheep raising and selling is a profitable business, Latif has become a very successful businessman in a very short period of time. He works very hard and spends all his time with the sheep; cleaning, feeding and pasturing them.

Now, Latif wants to expand his business and buy more sheep, so he has applied for a loan of 2000 Somoni ($600 USD). He promises to repay the loan within 12 months and thanks all lenders for their support. With your help, Latif can get ahead.

More about Tajikistan and IMON International

Tajikistan is perhaps best known for its rich history, which includes a key post along the Silk Road; the end of Alexander the Great's rule; and with it’s famous great thinkers, philosophers, scientists and poets as: Rudaki, Ibn Sina (Avicenna), Firdousi, Omar Haiyam, Jomi, Mavlavi Rumi and many others. 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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