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Turdimurod

Update on Turdimurod

Turdimurod took out a previous loan to buy boards, glues and paints to make windows and doors with wooden frames to sell. With the profits he made, he purchased a woodworking machine and other necessary tools. Now Turdimurod has returned for another loan. This time, it is for a new business. In addition to his main business, he wants to buy and sell cattle. He has all the necessary conditions for cattle breeding. Turdimurod plans to buy two bulls each month, fatten them for a month and then to sell them at a livestock market in his region.
View original language description ↓
Турдимурод предыдущий заем брал для покупки досок, клея и красок для изготовления деревянных окон и дверей на продажу. С полученной прибыли он приобрел деревообрабатывающий станок и другие необходимые рабочие инструменты.
В настоящее время Турдимурод обратился за повторным кредитом. Теперь он берет кредит для нового бизнеса. Помимо своей основной деятельности он хочет заняться еще куплей и продажей крупнорогатого скота. У него имеются все условия для разведения скота. Турдимурод планирует каждый месяц закупать по двух голов бычков, откармливать их в течение месяца и перепродавать на скотном рынке своего района.

Previous Loan Details

Turdimurod is a resident of the Shahrituz district. He is 26 years old, married and has one child. His wife is involved in agriculture. Turdimurod manufactures wood window frames and doors. He has been in this business for eight years. He is requesting this loan to buy wood panels, glue and ... More from Turdimurod'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
  • 292
    View loans »
    Tajikistan Loans Fundraising
  • $28,682,075
    Funds lent in using Kiva
  • 4.8
    Tajikistan Somoni (TJS) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,075 helped Turdimurod to buy a cow and feed.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 12, 2013
Listed
May 15, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2014