Loan Illustration

I've been raising cattle and selling milk for 10 years! I love breeding, it's an activity I learned from my parents. My business is profitable and offers me a s…

Agriculture Agriculture

Tajikistan Tajikistan

Loan amount €1,380

Funded 98%

by 24 members

Funding disbursed to MFI, repayments ongoing

Disbursement date: 08/01/2018
Final repayment of the loan: 08/01/2020

MicroWorld's investors have funded: €1,380

Gulandom Sultonmuradova - Improve activity

Borrower

Last name: Sultonmuradova
First name: Gulandom
Gender: Female
Age: 49
Marital status: Married
Number of children: 2
Region: Spitamen

Loan Request

Purpose: Improve activity
Amount: €1,380
Duration: 24 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've been raising cattle and selling milk for 10 years! I love breeding, it's an activity I learned from my parents. My business is profitable and offers me a stable income. I need to build a spacious new yard for my cattle, so I asked for a loan. This loan will help me to develop my breeding activity. I count on your support!

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: 593 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