Pardaboy is 38 years old. He is married and has four children. Pardaboy's wife knows how to embroider traditional women's clothing. However, she has no sewing machine. Pardaboy would like to help his wife launch a business since embroidery is a profitable occupation in [Tajikistan]. This is why he has applied for a loan. He plans to use a loan to buy a sewing machine. Pardaboy plans to use the revenues from his wife's business in order to make some long awaited home renovations.
Пардабою 38 лет. Он женат. У него четыре детей. Супруга Пардабоя умеет вышивать национальные женские одежды. Однако у нее нет швейной машины. Пардабой хотел бы помочь жене в открытии бизнеса, так как вышивание прибыльное дело в нашей стране. Для этого он обратился за кредитом. На полученный кредит Пардабой собирается приобрести швейную машину. За счет прибыли с деятельности жены Пардабой планирует сделать долгожданный ремонт в доме.
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.