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Gulru

Update on Gulru

Gulru is thankful for the previous loan. She received great help. Her and her family's life and living conditions improved.

Currently Gulru intends to in parallel work with breeding sheep and goats at her home. The new business will not take a lot of time for her, because her family will help her. Gulru hopes you will help her this time too. She is very grateful to you.
View original language description ↓
Гулру благодарит за предыдущий кредит. Она получила большую помощь. Ее жизненные и жилищные условия, в том числе ее семьи улучшилось. Теперь Гулру намерена параллельно заняться разведением мелко рогатого скота у себя дома. Новая деятельность не займет много времени, потому что ей будет помогать семья. Гулру надеется и в этот раз ее поддержат. Она очень признательна Вам.

Previous Loan Details

Gulru is a young, unmarried woman at 27 years old. Gulru lives in Jilikul with her mother, sister-in-law, brother, and niece. She has a higher education in finance and she currently works as an accountant. Gulru also has a talent for sewing. She is in the sewing business, too, and combines i... More from Gulru's previous loan »

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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Tajikistan

  • $2,700
    Average annual income
  • 179
    View loans »
    Tajikistan Loans Fundraising
  • $29,362,000
    Funds lent in using Kiva
  • 4.9
    Tajikistan Somoni (TJS) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Gulru to start a new business of livestock breeding and purchase sheep and goats.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 15, 2014
Listed
Jul 24, 2014
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2014