She decided to start a new business in parallel and improve the financial condition of the family. Nasiba knows how to sew and cut women's dresses. She has now decided to use this skill in a professional career. However, Nasiba does not have the 2,000 US dollar needed to realize this goal. She requests a loan of this amount, in order to purchase a digital sewing machine. She hopes for your kindness.
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 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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This loan has been fully funded!