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Update on Farhod

Farhod is a young, 27-year-old businessman. Two years ago, he took out a loan in order to expand his business and buy watermelons and cantaloupes. He is thankful to lenders at Kiva for financing that loan. Today, Farhod is continuing to sell products at his store; his business has been making progress for nine years.

Now Farhod is again requesting a loan. He intends to use the loan amount to buy a display refrigerator and an air conditioning system with winter/summer settings for his store. Since his business is expanding, the range of food products is also increasing; in order to store highly perishable foods, Farhod needs a second refrigerator. Additionally, he would like to make his store warm and comfortable in the winter and cool in the summer, for which he must install an air conditioning system. Farhod is requesting the loan in order to achieve these goals; he takes his entrepreneurial activities seriously and strives to further develop his business.
View original language description ↓
Фарход молодой 27-летний предприниматель. Два года тому назад он брал кредит для расширения бизнеса, закупа арбуз и дынь. Он выражает благодарность кредиторам KIVA за то, что они профинансировали его предыдущий заем. На сегодня Фарход продолжает заниматься продажей продуктов питания в своем магазине. Его бизнес продвигается уже около 9 лет. Сейчас Фарход снова обратился за новым кредитом. Он хочет купить на сумму кредита витринный холодильник и кондиционер с функцией зима-лето для своего магазина. Так как его бизнес расширяется, ассортимент продуктов питания тоже увеличивается в его магазине. Для хранения скоропортящихся продуктов Фарходу не хватает еще одного большого витринного холодильника. К тому же он хочет создать условия в своем магазине, чтобы зимой было тепло и уютно, а летом прохладно ему необходимо установить кондиционер в помещении магазина. Для реализации своих целей он просит кредит. Фарход ценит свою предпринимательскую деятельность и устремлен на дальнейшее развитие своего бизнеса.

Previous Loan Details

Farhod lives in the Gissar region. He is married but has no children. He has a secondary education. He has worked in sales in a shop for more than six years. He is taking out a loan to expand his business by buying watermelons and other melons. More from Farhod's previous loan »

Additional Information

More information about this loan

This loan is part of Humo's Investment Product loan program targeting new and existing clients seeking to invest in their businesses by purchasing (capital) equipment. This program offers borrowers a grace period prior to first repayment and a lower interest rate comparing to the standard interest rate. By funding this loan, you are supporting a program that gives borrowers a chance to start and grow small businesses and increase their productivity.

About MDO Humo and Partners

MDO 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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.


About Tajikistan

  • $2,700
    Average annual income
  • 225
    View loans »
    Tajikistan Loans Fundraising
  • $32,113,175
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
A loan of $4,500 helped Farhod to buy a display refrigerator and air conditioning system with summer/winter settings for his store.
Repayment Term
38 months (Additional Information)
Repayment Schedule
Nov 14, 2013
Dec 5, 2013
Currency Exchange Loss:
Feb 3, 2014