Ikromiddin S. is 32 year old and is married with 4 children. He got in first trading experience in Russia. He saved money and came back home to start his business in Yavan. Now he has had a storefront in the “Tijorat” market for the last 10 years, where he sells men's trousers and shirts. As the summer season is ending, Ikromiddin would like to borrow $575 to buy autumn mens wear. He has a wholesale trade so the prices to his goods are lower than other sellers. That helps to local habitants obtain goods in a lower price. Ikromiddin is going to pay off the loan amount in 10 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.