Loan Illustration

My name is Gulnora. Ten years ago, I created my own grocery store in which I sell food products. I am always very helpful with my clients and I try to serve the…

Trade Sales

Tajikistan Tajikistan

Loan amount €160

Funded 100%

by 2 members

Project closed to funding, awaiting disbursement to MFI

Disbursement date: 09/01/2019
Final repayment of the loan: 09/01/2020

Accenture by MicroWorld's investors have funded: €160

Gulnora - Purchase food stocks

Borrower

First name: Gulnora
Gender: Female
Age: 56
Marital status: Married
Number of children: 5
Region: Spitamen

Loan Request

Purpose: Purchase food stocks
Amount: €160
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 Gulnora. Ten years ago, I created my own grocery store in which I sell food products. I am always very helpful with my clients and I try to serve them quickly and diligently. This is why I still have a lot of customers. I decided to develop my activity. I am applying for a microcredit to acquire a wider variety of food products in order to advance my business. 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: 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.
  • 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