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Rahmatullo

Update on Rahmatullo

Rahmatullo is applying for his second loan. He took out his previous loan to buy wheat for making flour. He has a mill in his yard where he produces flour for sale. He is grateful to all that supported him.

In addition to his core business, Rahmatullo intends to take up an additional business. He would like to go into business buying and selling cattle. Rahmatullo has a barn and start-up capital of 750 TJS. He needs a loan of $2,500 USD. Rahmatullo intends to buy 5 cows and calves, as well as 600kg of feed. He plans to fatten the cattle for 5 months and put them up for sale in December. The loan will be paid back from his existing business. The loan would allow Rahmatullo to earn additional income and improve his family's financial situation.
View original language description ↓
Рахматулло обратился за вторым кредитом. Свой предыдущий кредит он брал для покупки пшеницы для изготовления муки. У него во дворе имеется мельница, на котором он производит муку на продажу. Он выражает всем благодарность за поддержку.
Помимо своей основной деятельности Рахматулло имеет намерение заняться еще одним видом бизнеса. Он хотел бы заняться куплей и продажей крупного рогатого скота. Рахматулло имеет коровник, а также его стартовый капитал составляет 750 TJS. Он нуждается в кредите на сумму 2500 долларов США. Рахматулло собирается купить 5 голов коров и телят, а также 600 кг корма. Он планирует откармливать скот в течение 5 месяцев и уже к декабрю вывести скот на рынок на продажу. Кредит будет выплачивать за счет старой деятельности. Данный кредит позволит Рахматулло получать дополнительный доход и таким образом улучшить финансовое состояние его семьи.

Previous Loan Details

Rahmatullo lives in the Yavan region. He is 46 years old, married with seven children. He is a welder. Besides this, he has a mill where he produces flour. He has been in this line of work for a year. He is requesting a loan to purchase wheat. More from Rahmatullo's previous loan »

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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Tajikistan

  • $1,388
    Average annual income
  • 240
    View loans »
    Tajikistan Loans Fundraising
  • $27,753,375
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Expired
A loan of $2,500 helped Rahmatullo to buy 5 cows and calves, as well as 600kg of feed.
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 29, 2013
Listed
Aug 17, 2013
Currency Exchange Loss:
N/A
Expired:
Sep 16, 2013