Saidmurod A., 37 years old, has undergraduate education and is a builder. He is married and has 4 children. He has an apple orchard, land where he grows wheat, and a cattle-run with a barn. It has been 10 years since he started working in this area. With a loan of $1000 he is going to buy 200 meters of garden hose to water his trees and buy 3 bull-calves for fattening. This loan can help him increase his yield, sell his apples at a lower price for the population, and provide fodder grass for the winter. He is going pay off the loan in 6 months.
About MLO Humo and Partners
MLO Humo and Partners is a microfinance institution in Tajikistan that aims to support vulnerable and underserved populations living in rural areas through financial and consulting services for small businesses. Kiva loans are used by groups and individual borrowers to start and grow businesses and build brighter futures for themselves, their families and their communities. This is especially important in Tajikistan, the poorest country in Central Asia, where more than two-thirds of the population lives below the poverty line.