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Chigit
Chigit is a resident of a village near the city of Vahdat. He is 56 years old. He is a deputy director of the village school. For the largest part of his live he has worked at the school in his village.

Currently Chigit is concerned with his and his wife's future, as he will go on a pension in a few years. Therefore Chigit and his wife decided that in their old age they would work with livestock breeding.

Chigit has hay and a cattle barn of size 6x4 meters. With his savings he bought a bull already. He requests a loan in order to purchase two additional bulls and start his business. He will fatten the cattle for a period of a month and then resell them at the local cattle market. For the sum he receives from the sale, he plans to purchase four more young bulls and this way expand his business.
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Чигит житель села города Вахдат. Ему 56 лет. Он заместитель директора сельской школы. Большую часть своей жизни он проработал в школе своего села. Сейчас он заботится о своем будущем и будущем жены, так как через определенное время ему выходить на пенсию. Поэтому Чигит и его жена решили на старости лет заняться скотоводством. У Чигита есть коровник размером 6х4 метров и сено. На сумму своего сбережения он купил уже одного бычка. Он просит кредит, чтобы закупить еще двух бычков и начать свой бизнес. Он собирается откармливать скот в течение одного месяца и затем перепродать на местном скотном рынке. На полученную сумму от продажи скота он планирует закупить уже 4-х молодых бычков и таким образом расшириться.

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

  • $2,700
    Average annual income
  • 205
    View loans »
    Tajikistan Loans Fundraising
  • $29,700,275
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Chigit to purchase two young bulls to start a cattle sales business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 10, 2013
Listed
Oct 13, 2013
Currency Exchange Loss:
N/A
Ended:
Jun 17, 2014