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Mumin
Every man has to do 3 things in his life: build a house, cut down a tree, and raise a son. So first Mumin got married and brought his wife to the house he grew up in. THey had three children. And he did cut down a tree. And he raised his son successfully. Now his son works in Russian and is happy with his job. Mumin himself has been working many years as a driver for the truck manufacturer KamAZ. Now he is 68 and wants to also get involved in animal husbandry. Life gets more difficult for him by the day. He wants to obtain a loan to pay for the purchase of cattle. Mumin plans on using the income obtained with the loan to build a house. The house he lives in was left to him by his parents. Despite his age, he does not want to owe his son money. Mumin thanks everyone in advance for their assistance.
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Каждый мужчина в своей жизни должен сделать 3 вещи: построить дом, посадить дерево и воспитать сына. Так уж получилось, что Мумин сначала женился и привел свою жену в родительский дом. И родились у них трое детей. И дерево он успел посадить. И сына воспитал прекрасно. Теперь его сын работает в России и доволен своей работой. Сам Мумин в течение многих лет работает водителем КАМАЗа. Сейчас ему 68 лет он хочет дополнительно заняться животноводством. Так как жизнь с каждым днем еще труднее. Он хочет сумму от кредита потратить на закупку крупнорогатых скотов. За счет полученной прибыли в будущем Мумин планирует построить дом. В доме, на котором они живут, достался им от родителей. Несмотря на свой возраст, он не хочет остаться в долгу перед сыном.
Мумин заранее благодарит Всех за помощь.

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
  • 301
    View loans »
    Tajikistan Loans Fundraising
  • $28,676,100
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Expired
A loan of $1,800 helped Mumin to buy cattle.
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 17, 2013
Listed
Sep 24, 2013
Currency Exchange Loss:
N/A
Expired:
Oct 24, 2013