Currently he has 5 hectares of land where he is going to plant onions and winter wheat. His brothers and relatives help him in farm. With this loan, Uktam is going to buy onion seed and the rest of loan he will spend for cultivation, planting, petrol and a tractor driver. The client is going to pay off the loan in 12 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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