Gulmumin was born in 1961 in the Nosiri Khusrav area of Shahritus. He lives in the warmest region of Tajikistan. Gulmumin lives with his wife. His wife is a housewife. They have four lovely children, three boys and the youngest is a daughter.
Gulmumin is involved in agriculture. He rents 15 hectares of land where he is sowing agricultural crops for sale. From this kind of activity he earns enough for the basics. He has a small, modest home.
In rural areas, many residents breed cattle at home, but most of them do not trade cattle. Gulmumin has a few head of sheep, two cows, a calf and a bull. He culls every half year a goby or a sheep and prepares Kayla. Kayla is fried meat with a fatty tail, which is salted and stored in a dark, cool place.
Gulmumin requested a loan to start his business. He wants to buy goats, sheeps and calves. He claims to know the business through family tradition, and his son will help him.
Gulmumin has several benefits to help him to achieve his goal. He has a wealth of experience and a cowshed, where he will raise cattle.
He wants to become an important small business owner and improve the quality of life for his wife and four children. Gulmumin believes in himself and believes that people will help him. He is a very hardworking person. His goal is to improve his economic situation so he can buy land. His children are almost adults, and they need to obtain a higher education.
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.