Abdurahim is 54 years old and he is married with three children. He has a higher education and he worked as a soldier for 24 years. For the last four years, he has been a shopkeeper. Now he wants to start a new business, so he is asking for a loan to open up a grocery store. With the income from this business, he hopes to improve the financial situation of his family.
Абдурахиму 54 года. Он женат и имеет троих детей. У Абдурахима высшее образование. Он работал военным 24 года. А последние 4 года он занимался торговлей. Сейчас Абдурахим хочет начать новый бизнес. Он запрашивает кредит для открытия продуктового магазина. За счет прибыли он хочет улучшить финансовое положение семьи.
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.