Nuriddinkhon is a single man. He is 25 years old and lives in J. Rumy in south Tajikistan. Nuriddinkhon is a farmer but wants to expand into livestock sales as well. He is planning to start a sheep herd for future resale at the meat market, as it is a lucrative business and does not require hard work or much time. Besides, Nuriddinkhon has a good barn for keeping the sheep. He is taking out this loan to purchase a few animals and feed for them. Nuriddinkhon will use the profits from this venture to finance his little sister's wedding celebration.
Нуриддинхон холостой молодой человек. Ему 25 лет. Он живет в районе Дж.Руми в южной части Таджикистана. Нуриддинхон занимается растениеводством. Одновременно он хочет начать новый бизнес. Его интересует животноводство, а именно купля-продажа мелкорогатого скота, так как это прибыльное дело и не требует тяжелой работы. К тому же у Нуриддинхон есть хороший сарай для содержания скота. Кредит берет для закупа мелкорогатого скота и его корма. Прибыль с деятельности Нуриддинхон хочет истратить на свадьбу своей младшей сестры.
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.