Ali lives in the Shahrituz region of Tajikistan. He's 56 years years old and has a wife and two grown sons, both of whom are currently working out of the country. Ali makes a living as a farmer but wants to expand his business to cattle breeding. He owns a barn near his residence that can be used to house the cattle. He needs a loan in order to purchase 3 heads of large-horned cattle with feed. He's planning to fatten them for a month and then resell the cattle at the market for a profit.
Али житель района Шахритус. Ему 56 лет. У него жена и двое взрослых сыновей. В данное время оба его сыновей находятся на заработках за границей. Сам Али занимается сельским хозяйством. Сейчас он хочет начать животноводческую деятельность. Его интересует купля-продажа крупнорогатого скота. При дворе дома у него имеется сарай для содержания скота. Чтобы начать бизнес, он запрашивает кредит для закупа трех голов крупнорогатого скота и его корма. Он планирует откармливать скот в течение месяца и затем перепродавать с наценкой на скотном рынке.
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.