He decided to start his own business but did not have any money. Four years ago he started a small business, and first goods he sold were were men's socks. Gradually he learned skills in selling, and he increased the range of goods and turnover. Currently Odiljon sells kids' sport wear and men's underwear. With the loan amount of $575, Odiljon is going to buy a new range of kids' and men's clothes at lower prices than other sellers. This loan helps a poor person obtain goods at moderate prices. He is going to pay off the loan over 8 months.
About MLO Humo and PartnersMLO 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.
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