Aga Khan Agency for Microfinance: Case Study on Remittances

Aga Khan Agency for Microfinance: Case Study on RemittancesTajikistan has one of the lowest gross domestic products per capita among the 15 former Soviet Republics and nearly two-thirds of the population continues to live in poverty. In recent years, the economy has become heavily reliant on migrant remittances. More than 43 percent of Tajikistan’s GDP is made up by remittances.

The average Tajik migrant is a 32-year old, male, who has three dependents, spending 14 months at a time (cyclically) in Russia and remitting US$ 2,000-2,500 on average per year (US$ 150-200 per month).

via Aga Khan Agency for Microfinance – Case Study: Remittances.

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Author: ismailimail

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