Loan Illustration

My name is Nargiz. I sell children's clothing on the market. This is the main source of income of my family, which is why I work very seriously. I am applying f…

Trade Sales

Tajikistan Tajikistan

Loan amount €1,560

Funded 79%

by 12 members

Project open to funding

Only 13 days
to finance: €320

Nargiz - Purchase garments

Borrower

First name: Nargiz
Gender: Female
Age: 32
Marital status: Married
Number of children: 2
Region: I.Somoni–Dushanbe

Loan Request

Purpose: Purchase garments
Amount: €1,560
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

My name is Nargiz. I sell children's clothing on the market. This is the main source of income of my family, which is why I work very seriously. I am applying for a microcredit to increase my clothing range. In the future, I hope to continue my activity, increase the range of clothing I offer and attract a larger number of customers.

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: 602 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