Check out some available loans that are similar to this one!
Faizulo is 51 and lives in Kulob. He is married and has two daughters and one son. Faizulo is a responsible and enterprising man and intends to start his own taxi service business. He has worked in this sector for two years and chose the route between Kulob and Dushanbe because of the massive demand for taxis on this route. He asked MLO Humo and Partners for a loan to help him buy an Opel model car. He saved up a bit of money for this goal and will use the loan to cover the rest of the amount. This loan will help Faizulo operate his own business and to increase his family's budget.
View original language description ↓
Файзуло житель города Куляб. Ему 51 год. У него есть жена, две дочери и один сын. Файзуло ответственный и предприимчивый человек. Он намерен начать свой бизнес в сфере услуги такси. У него имеется двухлетий опыт работы в данной сфере. Файзулло выбрал маршрутную линию город Куляб-город Душанбе, так как по этой линии услуга такси всегда массово востребована. Он обратился в ХУМО за кредитом для приобретения автомашины марки OPEL. Он имеет немного сбережения для реализации своей цели, а другую часть запрашивает в заем. Данный кредит поможет Файзулло иметь собственный бизнес и увеличить семейный бюджет.

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

  • $2,700
    Average annual income
  • 99
    View loans »
    Tajikistan Loans Fundraising
  • $29,901,400
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,850 helped Faizulo to purchase a car for taxi services.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Jun 6, 2013
Jun 11, 2013
Currency Exchange Loss:
Jul 17, 2014