Abdulmalik is a resident of the Qubadiyon region, located in the south of the country. He is 47 years old. He has a wife, two daughters and two sons. Abdulmalik is determined to start a retail business. He opened a store next to his home and would like to sell clothing and food there. However, in order to buy products he needs a loan. With this goal he applied for a loan to buy clothing and food. Abdulmalik plans to purchase his products at the wholesale market in Dushanbe and to bring them to his area and sell them in his store at retail prices. His family will help him with his business.
Абдулмалик житель района Кубадиян, расположенный на юге страны. Ему 47 лет. У него жена, две дочери и два сына. Абдулмалик намерен заняться торговым бизнесом. Рядом со своим домом он открыл магазин и хочет продавать там одежду и продукты питания. Однако, чтобы закупить товар он нуждается в кредите. С этим намерением он обратился за кредитом для закупа одежды и продуктов питания. Абдулмалик планирует закупать свой товар с оптового рынка города Душанбе, привозить в свой район и продавать в магазине по розничной цене. В ведении бизнеса ему будет помогать семья.
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.