A loan of $800 helped purchasing new goods to sell.

Abdurafik's story

Abdurafik is married with two kids. He’s a market vendor from Khujand where he sells men’s suits, trousers, shirts, and ties at the famous Kairakkum market “Somon-bozor”. Abdurafik is very enterprising, has vast experience working as a vendor, and is full of creative ideas. A reasonable pricing policy and client-friendly service have always been priorities in his work and have helped to ensure the success of his business.

Abdurafik has been running his business for many years. He was only 12 when he started to help his mother with her market business, then afterward when he became an adult, he started his own business. In general he has 12 years of experience selling clothing. Currently, Abdurafik is requesting a loan of 800 USD to increase his inventory. He promises to repay the loan within 11 months. He believes that having this additional turnover capital will help him minimize his sales risk and provide stable financial support for his family. Moreover, it will help him get closer to his ultimate goal of purchasing a big store of his own.

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

Loan details

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Loan details