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Olimjon
Olimjon lives in Vahdat. He is 43 years old. He is married. He has three children. Olimjon does construction work for hire. He mostly remodels homes.

Olimjon is taking out a loan to purchase a sewing machine and necessary fabrics for his wife, so that she can start sewing and also so that she can start her business at home. Olimjon's wife has a secondary vocational eduction. She is a seamstress but until today has not worked in her profession.
View original language description ↓
Олимчон проживает в городе Вахдат. Ему 43 года. Он женат. У него трое детей. Олимчон занимается строительными работами по найму. В основном он проводит капитальный ремонт.
Олимчон берет кредит для покупки швейной машинки и необходимых тканей для своей жены, чтобы она занялась шитьем, также чтобы начала свою деятельность на дому. Жена Олимчона имеет средне - специальное образование. Она портниха, но до сегодняшнего дня не работала по специальности.

Additional Information

More information about this loan

This loan is part of Humo's startup loan program targeting particularly vulnerable clients who live at subsistence and do not qualify for the standard loan due to lack of income from an existing business. This program offers clients up to a 4-month grace period on the loan. By funding this loan, you are supporting borrowers who have limited options to start and grow small businesses. This has the potential to alleviate the effects of poverty, significantly improving borrowers' incomes and their families' quality of life. 

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.

About Tajikistan

  • $1,388
    Average annual income
  • 168
    View loans »
    Tajikistan Loans Fundraising
  • $28,208,075
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Olimjon to purchase a sewing machine and fabric for his wife.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 8, 2012
Listed
Nov 22, 2012
Currency Exchange Loss:
N/A
Ended:
Oct 17, 2013