About the LoanLocation: Shahrituz, Tajikistan Repayment Term: 14 months
(more info)
Activity: Fruits & Vegetables Repayment Schedule: Monthly
Loan Use: To increase the range of vegetables he sells Currency Exchange Loss: Covered
Default Protection: Covered
Nizomov Saidahmad is 25 years old, is married, and has one child.
For more than five years Saidahmad has been selling vegetables such as potatoes, onion, carrots, etc. His business begins early in the morning at 5:00 a.m.
Saidahmad buys vegetables from the local farmers wholesale and sells them in the market. Moreover, he is trading in a market that is known among people because of the attractive prices. All this allows Saidahmad’s business to generate a stable and considerable income for his family.
Today, Saidahmad is planning to purchase new, fresh vegetables to sell in order to increase the range of his goods. With this purpose in mind he requests 6,000 Somoni.
Having a positive credit history with IMON, Saidahmad promises to repay the current loan promptly as he did the previous time. The well-being of this family is in your hands.
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 B.C. 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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