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Rahmattilo

Update on Rahmattilo

Rahmattilo took out his previous loan during the melon season. He planted watermelon and reaped a rich harvest. He is now seeking another loan to start up a new business. He wants to get into animal husbandry, specifically buying and selling cattle, because it is profitable and does not require a great deal of physical labour. In addition, he has a plot of land that can be used as pasture, and which is located not far from the cattle market. Rahmattilo is seeking a loan to purchase cattle and cattle feed.
View original language description ↓
Рахматтило предыдущий кредит брал в сезон бахчевых культур. Он посеял арбуз и получил богатый урожай. Очередной кредит Рахматтило берет для создания нового бизнеса. Он хочет заняться животноводсвом, а именно купле-продажей крупнорогатого скота, так как это прибыльнее и не требует тяжелой работы. К тому же у Рахматтило есть земельный участок для пастбища и оно находится недалеко от скотного рынка. Кредит Рахматтило берет для закупа крупнорогатого скота и его корма.

Previous Loan Details

Rahmattilo lives in the Shahrituz region. He's fifty-four years of age, married and has three children. They own a large plot of land adjacent to their home, where they have grown vegetables and melons for the past twenty-one years. He's asking for a loan to buy mineral fertilizers, fuel and wate... More from Rahmattilo's previous loan »

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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Tajikistan

  • $1,388
    Average annual income
  • 179
    View loans »
    Tajikistan Loans Fundraising
  • $29,067,225
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Rahmattilo to buy cattle and cattle feed.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 18, 2013
Listed
Apr 11, 2013
Currency Exchange Loss:
N/A
Ended:
Aug 17, 2013