A Stable Future!
Mahmadnazar Becknazarov was born and raised in a peasant family in the village of Pravda, A. Jomi district. Continuing the work of his father, Mahmadnazar has been farming over 30 years.
After the collapse of the Soviet Union collective farms broke down with lost jobs for people and Mahmadnazar began to do what he was really good at: it was livestock and crop production. At that time Mahmadnazar had four minor children, and he realized that their every child should be well educated but the expenses of the family were heavy. After some time, due to the land reform Mahmadnazar was allocated 10 hectares of land.
However, all of the profits that Mahmadnazar gained through farming were spent for various needs and Mahmadnazar realized that without additional financial resources he would not be able to obtain a rich harvest and build a good business.
Having got acquainted at the local market with credit experts from the branch of MDO "Humo" in A. Jami district, who carried out marketing activities in the market, Mahmadnazar learned about the benefits of financial services and decided to go to "Humo" for a loan for the development of his business in agriculture.
Currently Mahmadnazar is on the 16th cycle of lending and has a successful private farm. Despite his advanced age he still handles 10 hectares of land, while continuing to grow crops, and also is involved in animal husbandry. The raised money allowed Mahmadnazar giving their children a good education, marrying his son and daughter.
Additional funding in the amount of $2,000 helped Mahmadnazar swing over his business.