Loan Illustration

My name is Shoira, I am married and have 5 children. I sell fruit and vegetables at one of the markets in Dushanbe. I really enjoy my work because, it is really…

Trade Sales

Tajikistan Tajikistan

Loan amount €1,545

Funded 100%

by 7 members

Funding disbursed to MFI, repayments ongoing

Disbursement date: 03/01/2019
Final repayment of the loan: 03/01/2021

Capgemini by MicroWorld's investors have funded: €1,545

Shoira - Purchase food stocks

Borrower

First name: Shoira
Gender: Female
Age: 47
Marital status: Married
Number of children: 5
Region: I.Somoni–Dushanbe

Loan Request

Purpose: Purchase food stocks
Amount: €1,545
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

My name is Shoira, I am married and have 5 children. I sell fruit and vegetables at one of the markets in Dushanbe. I really enjoy my work because, it is really rewarding and it allows me to generate income for my home. I have decided to expand my business and to expand the range of products I offer to attract new customers. I would be very grateful to receive a loan, which will allow me to purchase the necessary products to expand my business.

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 Capgemini by MicroWorld lenders.

  • Time on Capgemini by MicroWorld: 600 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