Loan Illustration

I have a bakery, where I bake a tasty and traditional flatbread. I have been running this business for 3 years and have many customers. My bread is famous for i…

Food Food

Tajikistan Tajikistan

Loan amount €400

Funded 100%

by 5 members

Funding disbursed to MFI, repayments ongoing

Disbursement date: 04/01/2018
Final repayment of the loan: 04/01/2019

MicroWorld's investors have funded: €400

Dildora Ishanova - Purchase flour

Borrower

Last name: Ishanova
First name: Dildora
Gender: Female
Age: 26
Marital status: Married
Number of children: 1
Region: Spitamen

Loan Request

Purpose: Purchase flour
Amount: €400
Duration: 12 months
Loan type: in fine
The loan is reimbursed in one installment at the maturity date of the project (principal and possible interests).
Note: additional time may be necessary for the funds to be credited on the lenders' accounts due to delays in international transfers.

Borrower's quote

I have a bakery, where I bake a tasty and traditional flatbread. I have been running this business for 3 years and have many customers. My bread is famous for its taste and smell. Right now, I need flour and firewood. I am asking for a loan to buy these products so that I can continue to make more bread and develop my business. This loan is really important to me.

Economic and social context

Tajikistan

Tajikistan

Considered to be the poorest region of the former Soviet Union, the development of Tajikistan relies heavily on loans via microfinance, particularly in the rural areas of the nation.
Country's key figures - source Worldbank
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

MFI Status

This loan is managed locally by our field partner which is in charge of administrating the loan and repaying MicroWorld lenders.

  • Time on MicroWorld: 595 months

Rates and transparency

  • This loan does not pay any interest to the lender.
  • The MFI will reimburse the lender in case of default of the entrepreneur but there is no guarantee or insurance given by the MFI.
  • 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.
  • The platform 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