Loan Illustration

I breed cattles to earn income for my family. I have been raising animals for 5 years. I feel confident about my animal husbandry business. At present I would l…

Agriculture Agriculture

Tajikistan Tajikistan

Loan amount €190

Funded 97%

by 8 members

Funding disbursed to MFI, repayments ongoing

Disbursement date: 06/01/2019
Final repayment of the loan: 06/01/2021

Capgemini by MicroWorld's investors have funded: €185

Naimjon - Purchase animal feed

Borrower

First name: Naimjon
Gender: Male
Age: 42
Marital status: Married
Number of children: 2
Region: Spitamen

Loan Request

Purpose: Purchase animal feed
Amount: €190
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 breed cattles to earn income for my family. I have been raising animals for 5 years. I feel confident about my animal husbandry business. At present I would love to take a loan from MicroWorld for my animal husbandry business. I look forward to using the loan to purchase feed for cattle. I will be very greatful for MicroWorld lenders’ support and am confident about paying off my loan with my hard work!

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: 604 months

Rates and transparency

  • This loan does not pay any interest to the lender.
  • Following your loan commitment, you have 7 calendar days to assert your right of withdrawal, by mail at contact@microworld.org.
  • 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 beneficiaries have been well informed about the risks of over-indebtedness and the consequences of payment default.
  • 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