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Ismoil
Ismoil is from Qubadiyon and has a small business. He is 50 years old and has his own flour mill close to home. Residents of his village and the surrounding area visit him in order to grind their wheat. He has been in this business for 6 years. Now that he has plenty of experience, he has decided to expand his small business. He wants to provide an additional service--namely, processing rice. Because electricity in his area is low and frequently cuts out, he also plans to buy a generator to supply power to his shop. Ismoil needs a loan because he does not have enough money. He is requesting a loan of $4000 to buy the equipment to process rice in addition to a generator. Thanks to the loan he will be able to purchase this equipment and his business will grow more successful and more profitable. He hopes for financial support.
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Исмоил является малым предпринимателем из района Кубадиён. Ему 50 лет. Он рядом с домом имеет собственный цех по производству муки. Жители его села и близлежащих деревень постоянно обращаются к его услугам для измельчения своих пшениц. Исмоил занимается производством муки на протяжении 6 лет. Теперь когда у него достаточный опыт он решил расширить свой малый бизнес. Он хочет предоставлять еще дополнительную услугу, а именно - перерабатывать рис. Поскольку электричество в их районе низкое и часто отключается, Исмоил также планирует купить генератор для энергоснабжения своего цеха. Однако для осуществления цели Исмолу нужны заемные средства, так как собственного сбережения не хватает. Он запрашивает кредит в размере 4000 долларов США для приобретения оборудования по переработке риса, а также генератора. Благодаря кредиту он сможет приобрести эти оборудования и его бизнес станет еще успешнее и прибыльнее. Он надеется на финансовую поддержку.

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

  • $2,700
    Average annual income
  • 148
    View loans »
    Tajikistan Loans Fundraising
  • $29,656,600
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $4,000 helped Ismoil to purchase equipment for rice production and a generator to supply power to his shop.
46% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 11, 2014
Listed
Jun 22, 2014
Currency Exchange Loss:
N/A