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Muzaffar is an exemplary husband and father. He is 27 years old. Muzaffar lives and works in the city of Dushanbe. For several years he worked for a cell phone company. Unfortunately, he does not work there anymore. Previously, Muzaffar worked as a jeweler. He restored and decorated jewelry. Now, he has decided to return to his old job. He plans to open his own workshop and store. Muzaffar has his own apartment in Dushanbe where he plans to open a shop. Muzaffar is taking out a loan to buy new equipment and tools to produce jewelry. His old tools are not suitable for work. Muzaffar has savings which he plans to spend on raw materials for manufacturing.

Many people appreciate and purchase gold and silver handicrafts made in the traditional style. He believes that he will have a lot of customers. Muzaffar will try to find new clients to start his business and keep it going. When he gets enough money, he will buy a large amount of raw materials and begin to craft and sell his own jewelry.
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Музаффар примерный муж и отец. Ему 27 лет. Музаффар живет и работает в городе Душанбе. Несколько лет он работал в мобильной компании, к сожалению, он больше там не работает. Раньше Музаффар работал ювелиром. Он реставрировал и украшал ювелирные изделия. На сегодняшний день он решил снова вернуться в свое старое дело. Но теперь он планирует открыть свою собственную мастерскую и торговую точку. У Музаффара есть собственная квартита в городе Душанбе, где он планирует открыть мастерскую. Музаффар берет кредит, чтобы купить новые приборы и инструменты по изготовлению ювелирных изделий, так как старые уже не пригодны для работы. А также Музаффар на сбережение, которое имеет, хочет купить сырье для изготовления.
Сейчас многие люди ценят и приобретают золотые и серебреные изделия ручной работы, изготовленные в основном в национальном стиле. Он верит в то что у него будет много клиентов. Музаффар постарается найти новых клиентов, чтобы начать и продолжить свою деятельность. В будущем, когда он соберет необходимую сумму денег, он приобретет большое количество сырья и начнет изготавливать и продавать собственные ювелирные изделия.

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.


About Tajikistan

  • $2,700
    Average annual income
  • 155
    View loans »
    Tajikistan Loans Fundraising
  • $29,656,600
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
A loan of $3,000 helped Muzaffar buy tools to craft jewelry.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Sep 13, 2013
Sep 27, 2013
Currency Exchange Loss:
Oct 27, 2013