Egamberdi E. is 72 years old and is married with 4 children. He lives in the Yavan district and has a secondary education. Egamberdi grow up in a village so animal restocking skills is easy for him. All his life he worked on a collective farm with cattle. He enjoyed his work which gives him an advantage. Nowadays he is in retirement so he devotes all his time for cattle breeding. By borrowing $1000 he is going to buy 3 bull-calves and feed. This loan helps locals obtain meat for a low price. Egamberdi plans to pay off the loan in 6 months.
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.