CJSC "Humo" works with Microworld on-line program.
Closed JSC "Humo" is the first microfinance institution in Tajikistan, with which the program Microworld works. All branches of the organization are working with the Microworld program. The work is carried out by a Microworld project correspondent in Tajikistan. The Program finances loan applications for all products except consumer credit. The Report on funded applications is produced online by the Microworld project correspondent.
Cooperation with KIVA program
KIVA is an open platform where lenders from around the world come together to help borrowers and create opportunities for them, as well as to contribute to KIVA mission to reduce poverty. Humo is working with the program KIVA for over five years. In 2011, at a conference on microfinance the company was awarded a KIVA diploma for providing quality services and good client feedback, as well as for the company’s assistance to residents of Tajikistan to manage and grow their business.
Under the KIVA project, Closed JSC "Humo" provides Start-business loans.
This is one of the areas in the project activities. The project is designed for anyone who wants to start their own business. The candidates are provided training (optional) on starting own business and producing a business plan. The loan is disbursed for up to 2 years with a grace period of up to 4 months for all activities. Movable and immovable property can serve as collateral. In addition to start- business loans, the KIVA program also funds other credit products. For funding loan applications, the application forms are made available if certain standards and characteristics are met. The Project work in Humo is supported by the correspondents, who monitor the compliance of submitted applications with the KIVA requirements.