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Mahmadali
Mahmadali is 32 years old. In his life, he is a resistant and determined person. He has a family--a wife, two sons and a daughter--with whom he resides in the town of Sarband.

Mahmadali built a two-story house, and on the first floor her plans to open a grocery store. He has starting capital of USD $1,000. With this sum, he will renovate the store premises. And in order to buy food products and a refrigerator for the store, he is requesting a loan. Mahmadali considers that his business will be successful because he will sell a large and varied assortment of food products. His wife will help him in the new business.

The loan will help Mahmadali to open his own profitable, family business and to increase the family income.
View original language description ↓
Махмадали 32 года. Он в жизни упорный и целеустремленный человек. У него есть семья - жена, двое сыновей и одна дочь, с которыми он проживает в городе Сарбанд. Махмадали построил двухэтажный дом и на первом этаже своего дома он намерен открыть продуктовый магазин. У него имеется стартовый капитал в размере 1000 долларов США. На эту сумму он проведет ремонт в помещении магазина. А для того чтобы закупить продукты питания и холодильник для магазина, он запрашивает кредит. Махмадали считает что его бизнес будет успешным, так как он будет продавать в своем магазине большой и разнообразный ассортимент продуктов питания. Ему в новом бизнесе будет помогать жена. Кредит поможет Махмадали открыть собственный семейный прибыльный бизнес и увеличить семейный доход.

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.

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About Tajikistan

  • $1,388
    Average annual income
  • 262
    View loans »
    Tajikistan Loans Fundraising
  • $28,720,375
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,950 helped Mahmadali to buy food products and a refrigerator in order to open a grocery store business.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 19, 2013
Listed
Jul 26, 2013
Currency Exchange Loss:
N/A
Ended:
Feb 17, 2014