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.
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.
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.