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Rustamkhon
Rustamkhon is 55 years old. He has his own small business, which brings in a profit helping him to support his large family consisting of his wife, four sons, two daughters, two grandchildren and a daughter-in-law. In his family, only Rustamkhon and two of his elder sons are earning an income. For over 10 years, Rustamhkon has been providing a service renting out tables, chairs and plates. He makes it possible for residents of the Khamadoni region to rent tables, chair, plates for weddings and other events. Rustam has been working out of a small leased space for several years. Since he is a goal-oriented person by nature, he has decided to expand his business. His main goal is to own his proper store. He does not want to continue leasing space as this requires a lot of money. Rustamkhon lacks own funds in order to realize this plan, which is why he is applying for a loan. Rustamkhon would like to purchase a spacious store and use it to provide his services. He has already picked a suitable property; he just needs to make a payment and prepare the documents for the property transfer. Rustamkhon truly needs this loan.
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Рустамхону 55 лет. Он имеет свой малый прибыльный бизнес, благодаря которому он обеспечивает свою большую семью, которая состоит из его жены, четверо сыновей, двух дочерей, двух внуков и невестки. В их семье работают только он и двое его старших сыновей. Около 10 лет Рустамхон предоставляет услуги по аренде столов, стульев и посуды. Он дает возможность жителям своего района Хамадони брать у него в аренду столы, стулья, посуду для проведения ими свадеб и других мероприятий. Рустам ведет свой бизнес в маленьком арендованном магазине уже несколько лет. Так как он по натуре целеустремленный человек, сейчас он решил расширить свой бизнес. Его главная цель иметь собственный магазин. Он больше не хочет арендовать магазин, так как у него на это уходит большая сумма. Чтобы осуществить задуманное Рустамхону не хватает собственных средств, поэтому он запрашивает кредит. Рустамхон хочет приобрести просторное помещение и использовать его в качестве своего магазина, где он будет продолжать предоставлять свои услуги. Он уже выбрал подходящее помещение, осталось только внести оплату и подготовить документы на собственность. Рустамхон очень нуждается в этом кредите.

Additional Information

More information about this loan

This loan is part of Humo's Investment Product loan program targeting new and existing clients seeking to invest in their businesses by purchasing (capital) equipment. This program offers borrowers a grace period prior to first repayment and a lower interest rate comparing to the standard interest rate. By funding this loan, you are supporting a program that gives borrowers a chance to start and grow small businesses and increase their productivity.

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
  • 192
    View loans »
    Tajikistan Loans Fundraising
  • $29,048,900
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Expired
A loan of $5,000 helped Rustamkhon to purchase a store and expand his business.
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 5, 2013
Listed
Nov 28, 2013
Currency Exchange Loss:
N/A
Expired:
Jan 27, 2014