Loan Illustration

My name is Azimmurod. Fifteen years ago, I created my own business. I bought a space at the market, where I set up my stall. I now sell fruit and various food p…

Trade Sales

Tajikistan Tajikistan

Loan amount €1,340

Funded 100%

by 10 members

Funding disbursed to MFI, repayments ongoing

Disbursement date: 09/01/2019
Final repayment of the loan: 03/01/2021

Accenture by MicroWorld's investors have funded: €1,340

Azimmurod - Purchase food stocks

Borrower

First name: Azimmurod
Gender: Male
Age: 49
Marital status: Married
Number of children: 4
Region: I.Somoni–Dushanbe

Loan Request

Purpose: Purchase food stocks
Amount: €1,340
Duration: 18 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 Azimmurod. Fifteen years ago, I created my own business. I bought a space at the market, where I set up my stall. I now sell fruit and various food products. I am applying for a microcredit to buy seasonal fruits for sale and thus increase my sales volume. Thank you for 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 Accenture by MicroWorld lenders.

  • Time on Accenture by MicroWorld: 608 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.
  • Les porteurs de projets ont bien été informés des risques du surendettement et des conséquences d'un défaut de paiement.
  • 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