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Lutfidin
Lutfidin is a 27-year-old resident of the Gissar region in Tajikistan. He is married, and has 2 small children. Lutfidin is currently unemployed; he's been looking for a job for quite a long time, but has yet to find one that pays as well as he'd like. He has decided to start up his own business as a taxi driver; however, he lacks the money to buy a taxi. As such, Lutfidin feels his only option is to take out a loan, and is requesting a loan for as much money as necessary to buy a Daewoo Tico to use as a taxi. This loan will allow Lutfidin to not only have a job, but a source of stable income for his family as well. Once he's a taxi driver, he plans on working a fixed route in the city of Dushanbe (in Gissar).
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Лутфидин житель района Гиссар. Ему 27 лет. Он женат и у него двое маленьких детей. Лутфидин сейчас безработный. Он уже давно ищет работы, но не находит работы с хорошей оплатой. Он решил начать свой бизнес и предоставлять услуги такси. Однако для покупки машины ему не хватает собственных сбережений. Лутфидин единственное решение видит в получении кредита. Он просит в кредит недостающую сумму и собирается купить машину марки Daewoo Tico. Лутфидин планирует работать по маршрутной линии район Гиссар-город Душанбе. Благодаря кредиту у него будет работа и источник дохода, чтобы обеспечивать свою семью.

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.

Tags

About Tajikistan

  • $1,388
    Average annual income
  • 292
    View loans »
    Tajikistan Loans Fundraising
  • $28,661,575
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Expired
A loan of $1,275 helped Lutfidin buy a car (Daewoo Tico) to start up a new business (taxi driving).
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 28, 2013
Listed
Nov 29, 2013
Currency Exchange Loss:
N/A
Expired:
Jan 28, 2014