Tajikistan > MLO Humo and Partners

About the Field Partner

MLO Humo and Partners administers this loan. Learn more
Field Partner:	MLO Humo and Partners
Field Partner Risk Rating:	(Learn more)
Time on Kiva:	32 months
Kiva Entrepreneurs:	2392
Total Loans:	$1,783,000
Interest & Fees are Charged:	Yes (Learn more)
Portfolio Yield: 45% Profitability (Return on Assets): 10% Average Loan Size (% of Per Capita Income): 127%
Delinquency Rate:	2.78%
Default Rate:	0.00%
Currency Exchange Loss Rate:	0.00%
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Kiva Fundraising Status

Fundraising Status	Active
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Other Information Sources

MIX Profile	View MIX Profile
Network Affiliation	AMFOT - Association of Micro-Finance Organizations in Tajikistan
Social Performance Reporting Level	N/A
Consumer Protection Principles	N/A
Field Partner Website	View Website
Email Contact	mavsuda@humo.tj

The mission of LLC MLO Humo and Partners is to support the vulnerable and undeserved part of the Tajikistan population living in rural areas by providing financial and consulting services for development of small businesses.

For over 4 years, Humo and Partners has not only provided micro-credit services to its clients, but also offered consulting services, such as cash flow analysis, business plan drafts, and on-going support as part of its offerings. All of their clients, regardless of how big or small, receive high-quality service, honesty, transparency, and a quick response time from the staff – with new borrowers typically getting access to funds within 3-7 days.

Humo and Partners has 4 branches and 18 sub-offices throughout Tajikistan, covering 25 regions, including many rural locations where no other viable financial services exist. As of January 2009, they serve over 8,000 active clients with a total portfolio of 5.4M USD. Approximately 45% of these clients are women and 88% live in rural areas.

Tajikistan is a small country in Central Asia with a unique a mix of the Islamic faith, Soviet influence, and Central Asian traditions. It became independent in 1991 following the breakup of the Soviet Union, and is now in the process of strengthening its economy after the 1992-97 civil war. The war, which claimed over 50,000 lives, turned this remote mountainous republic into the bloodiest corner of the former Soviet empire There have been no major security incidents in recent years, but the country remains the poorest in the Central Asia, with over two-thirds of the population living in poverty.

Due to a lack of developed infrastructure and industries, the country's economy has been supported in-large by remittances sent by migrant Tajik workers, primarily based in Russia. However, with the world's economic crisis, many of the migrant workers are now unable to find work abroad, just as the situation is getting more dire in Tajikistan itself. Access to micro-credit is now needed more than ever in order to provide a way for people to sustain their businesses and themselves during these difficult economic times.

Micro Lending Fund “HUMO” was founded in 2004, by an NGO Care Tajikistan, as a non-commercial social fund. Its goal was to increase the economic possibilities and standard of life for the poor and socially unprotected sectors of Tajikistan through the expansion of private business development.

Since 2007, HUMO and Partners has worked closely with Kiva to ensure that the funds are distributed to poor and low income clients and repayments are collected in a timely fashion. Funds raised through Kiva have already been distributed to thousands of HUMO and Partners' clients and will continue to provide thousands more with permanent access to the financial services they need.