Safarali is forty-three years old. He lives with his wife and five children in the Shahrituz region of Tajikistan. For several years now he has made a living by farming. Now he wants to expand his business to cattle breeding, which is very profitable these days. However, he needs some capital to purchase the initial batch of large-horned cattle. He plans to fatten this cattle and then sell it at the market for a profit. Safarali then plans to reinvest these profits and buy more cattle.
Сафарали 43 года. Он проживает в районе Шахритус. У него большая семья - жена и пятеро детей. Сафарали несколько лет занимается земледелием. Сейчас он хочет начать новый бизнес и для этого выбрал сферу животноводства. Сегодня эта деятельность приносит хорошую прибыль. Для реализации своей цели Сафарали обратился за кредитом. Он берет кредит для закупа крупно-рогатого скота. После его откармливания Сафарали хочет продать скот на рынке с наценкой. За счет прибыли он планирует увеличить поголовье скота.
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.