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Rahmat
Rahmat is 54 years old. He is married to Manzura and lives with his wife, daughter in law and grandson in the city of Khujand. Rahmat has spent 20 years working as an engineer for the city council. At the same time he also bred poultry. Now Rahmat wants to fulfil his long-held dream. He plans to follow in the footsteps of his grandfather and work producing ropes. At the moment he is not working and is concentrating all his attention and strength on opening a profitable business in the trade just mentioned. With the money from a loan he plans to buy equipment to produce ropes. He will be helped in work in this field by experience gained from his grandfather. Rahmat has accumulated savings from poultry farming and he wants to spend this money, together with the loan, on the purchase of equipment because it is very expensive. Rahmat is absolutely determined to make this business work. He has already bought premises for a workshop and plans to hire two employees. Your help is absolutely essential for him! He awaits your generosity!
View original language description ↓
Рахмату 54 года. Он женат на Манзуре и живет с женой, невесткой и внуком в городе Худжанд. Рахмат в течение 20 лет проработал инженером в горсвете. Параллельно он еще и занимался птицеводством. Теперь Рахмат хочет воплотить свою давнюю мечту. Он планирует идти по стопам своего деда и заняться производством веревок. В данный момент он нигде не работает и все его внимание и усилия переключены на открытия данного прибыльного бизнеса. На деньги от кредита он собирается купить оборудование для производства веревок. Работать в этой сфере, ему поможет опыт, который оставил ему дед. У Рахмата накопилось сбережений от птицеводства, и он хочет потратить эту сумму вместе с кредитом на покупку оборудования, потому что оно стоит очень дорого. Рахмат настроен решительно заняться этим делом. Он уже приобрел помещение для цеха и планирует нанять двух рабочих. Для него Ваша помощь очень необходима! Он ждет Вашу отзывчивость!

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
  • 202
    View loans »
    Tajikistan Loans Fundraising
  • $28,290,375
    Funds lent in using Kiva
  • 4.8
    Tajikistan Somoni (TJS) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,950 helped Rahmat to buy equipment to open a rope-making workshop.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 9, 2013
Listed
Oct 18, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2014