Ismatullo lives in Hamadoni. He is 23 years old. He has not yet graduated from the university, but is starting his own business. He is taking out a loan to start the business.
With the money from the loan he wants to buy oil pressing equipment to build an oil processing business. Ismatullo and his brother are going in business together. They're planning to do the work themselves to make money to invest in their business. But so far, they only have a room. When Ismatullo buys the necessary equipment, it will give him and his brother a job, a means of income, and interesting work.
Исматулло житель района Хамадони. Ему 23 года. Он еще не окончил университет, но уже начинает отрывать свой бизнес. Берет кредит, чтобы начать свою деятельность. На деньги от кредита он хочет купить маслобойное оборудование для будущего маслобойного цеха. Исматулло со своим братом намерен заняться этим бизнесом. И они собираются сами работать в цехе и за полученный доход развивать свое дело. Но пока у них есть только помещение. Когда Исматулло купит нужное оборудование, это даст ему и его брату работу, средство дохода и нескучное дело.
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.