Lola's husband works on a construction site in Russia, and sends money home every month so that his wife can take care of the family's expenses. Lola currently wants to help her brother-in-law (her sister's husband), who, until now, had been providing taxi services, for a few years, using his own car. However, Lola's sister and and brother-in-law have had to perform major repairs in their house lately. Having miscalculated their financial capacity, they ended up having to sell the car to complete their home repairs, which left the family without any source of income. Lola is well aware of her sister's difficult circumstances, and she would like to help her.
Lola already has some savings, but she is also requesting a loan to cover the missing amount. She plans to buy a good-quality new car for her brother-in-law. Her brother-in-law plans to convert this car to natural gas, and will use it to resume his activity. Lola and her family really need this loan.
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 PartnersMLO 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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