Munavvar N. is 50 years old and has a secondary-level education. He is married and has 6 children. Munawar grew up in a poor family and always loved cars. He participated in a driving course and worked as a driver in an organization where he drove a truck. He has a lot of experience with driving. Nowadays he has his own truck and provides a transferring service. He transfers sand and crushed stone for building purposes. This kind of activity has a big demand among local habitants. The truck needs repair so Munawar needs money to buy a new engine. For the loan amount of $1000, Munawar is going to buy a new engine for his truck and provide his services for local habitants. He is going to pay off the loan amount over 12 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.