I rented a food kiosk premises a few days ago. There is no equipment to enable me to prepare different kind of meals, in fact the inside of my kiosk is empty an...
Catering
Tajikistan
Loan amount 500€
Funded 100%
by 16 members
Disbursment date to the MFI: 03/01/2012
Final repayment of the loan: 03/01/2013
| MicroWorld's investors have funded: | 500 € |
Khojaeva MUKARAMA - Purchase equipment
Borrower
Loan Request
Borrower Quote
I rented a food kiosk premises a few days ago. There is no equipment to enable me to prepare different kind of meals, in fact the inside of my kiosk is empty and my main challenge is that I do not have enough money to decorate the inside and outside of it. That is why applied for a loan, in the hope to buy banner to attract clients to my kiosk and purchase differents kinds of equipment to help me to prepare meals.
Economic and social context
Tajikistan
| Population | 6 952 223 |
| GNI per capita | 700 USD |
| Economic Growth | 3.4% |
| Poverty rate | 47% |
| Unemployment rate | No data |
| Literacy rate (above 15 years of age) | 100% |
| Life expectancy | 67 years |
Rates and transparency
- This loan is at 0% and does not pay any interest to the lender.
- 100% of the money collected is sent to the MFI, even if the project is not fully funded on the site.
- The MFI then makes a loan to the micro-entrepreneur and charges an interest rate in order to cover its operational and financial costs.
- MicroWorld earns a commission from the MFI for the service it provides, which helps to fund its running costs.
- More effective than a simple donation, micro-credit promotes long-term sustainable economic development rather than short term help.
The MFI
HUMO
Summary
HUMO is a microfinance institution in Tajikistan. Established in the east of the country where the majority of the population is concentrated, the institution has a dozen branches spread over the rural areas of the country. The institution serves a little over 13 000 clients by means of loans which are mainly distributed to groups of borrowers wishing to develop agricultural activities (livestock farming and sales, cultivation of various products) or small businesses (mainly market vendors or cottage industries).
| Legal status | NBFI (Non-Bank Financial Institution) |
| Number of borrowers | 9,340 |
| Size of loan portfolio | USD 5,711,198 |
| Average loan balance | USD 611 |
| Average borrower interest rate | 3.6% per month |
| Total number of staff | 225 |
| PAR (Portfolio at Risk) | 2.58% |
| Average amount / GDP per capita (Accessibility for the poorest) | 79% |
| Percentage women borrowers | 36% |
| Savings accounts opened by the clients | No |
| Guarantees required to access a loan | Joint and several guarantee (group), ownership (individual) |
| Special programmes | “Start-Business” programmes with loan, training and guidance. |
| GIPSIE rating by PlaNis | 3.4/5 |
Investors on the project
More like this
SenegalProduction
Amount to finance320 €
Funded43 %
TajikistanTransportation
Amount to finance500 €
Funded0 %
LebanonProduction
Amount to finance780 €
Funded17 %
CambodiaProduction
Amount to finance300 €
Funded40 %
