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Faridun
Faridun is a young aspiring businessman. He is only 20 years old. He wants to start a business buying and selling cattle. Faridun, despite his young age and lack of experience, is not afraid to start a business. This is because most people in Istravshan work in animal husbandry. Faridun knows that he can go to his neighbors for advice whenever he needs it. Faridun's parents also work in animal husbandry, but they are keeping their animals to take care of their personal needs. Faridun plans to use all of the experience he has gained from his parents in his own business.

To start the business, Faridun must buy several head of cattle. Unfortunately, he doesn't have enough money to buy the cattle, so he is asking for a loan. This loan is very important to Faridun. Faridun is waiting for your help!
View original language description ↓
Фаридун молодой и начинающий бизнесмен. Ему всего 20 лет. Он хочет начать свой бизнес по купле и продаже крупнорогатых скотов. Фаридун несмотря на свой юный возраст и не большой опыт работы не боится начать свой бизнес. Потому что большая часть жителей Истаравшана занимаются животноводством. И Фаридун знает, что может в любое время обратится за советом к соседям. Родители Фаридуна тоже занимались животноводством, но они держали животных для личных нужд. Весь опыт, который получил Фаридун от своих родителей, он хочет использовать в своем бизнесе.
Чтобы начать бизнес Фаридуну необходимо купить несколько голов крупнорогатого скота. К сожалению чтобы купить необходимое количество скота у него не хватает средств, поэтому он просит кредит. Фаридуну этот кредит очень важен. Фаридун ждет Вашей помощи!

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
  • 142
    View loans »
    Tajikistan Loans Fundraising
  • $29,299,475
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,300 helped Faridun start a new business buying and selling cattle by buying some cattle.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 22, 2013
Listed
Nov 26, 2013
Currency Exchange Loss:
N/A
Ended:
Feb 17, 2014