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Mahmadsharif
Mahmadsharif is a 39 year-old married man. He has a son and a daughter. He, his family and his mother live in the city of Dushanbe. His wife works as seamstress. Mahmadsharif spent 5 years working at a hair salon; however, he slowed down his business after his father's death, spent his savings and went to work in Russia. Now after several years have passed, Mahmadsharif wants to work in his homeland and start his former business again. He already found a good location for the salon. He needs to also purchase all of the equipment for the salon in order to start his business. With this goal in mind, he is requesting this loan to purchase a large wall mirror and a chair for the hair salon.
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Махмадшариф 39-летний женатый мужчина. У него сын и дочь. Он со своей семьей и матерью проживает в городе Душанбе. Его жена работает швеей. Сам Махмадшариф в течение 5 лет работал в парикмахерской. Однако после смерти отца, он приостановил свою деятельность, истратил свои сбережения и уехал на заработки в Россию. Сейчас по прошествии нескольких лет, Махмадшариф хочет работать в своей родине и заново начать свою прежнюю деятельность. Он уже нашел хорошее помещение для салона. Чтобы начать дело, ему необходимо еще преобрести принадлежности салона. С этим намерением он запрашивает кредит для закупа большого настенного зеркала и кресла для парикмахерской.

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.

About Tajikistan

  • $1,388
    Average annual income
  • 184
    View loans »
    Tajikistan Loans Fundraising
  • $29,033,175
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,600 helped Mahmadsharif to purchase a large wall mirror and a chair for the hair salon.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 11, 2013
Listed
May 13, 2013
Currency Exchange Loss:
N/A
Ended:
Nov 17, 2014