A loan of $800 helped purchasing cattle in order to expand the business.

Abdumalik's story

K. Abdumalik is a 41-year-old farmer, who lives with his family, consisting of three children and his wife. He lives in the northern part of Tajikistan, in the Spitamen district of Sugd region. Abdumalik has two milk cows and sells dairy products to the local and capital traders. Sahib has 10 years of experience in raising cattle and selling dairy products. The milk products are in very high demand in his village. Hiss orders for these products are very high but the milk his cows give is not enough for traders and he decided to apply for $800 USD to purchase an additional cow and fodder. Abdumalik is very grateful to everyone who is helping him to improve his living with this loan.

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 its 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

Lenders and lending teams

Loan details