Microfinance institution HUMO in Tajikistan mainly focuses on providing credit to small businesses in rural areas. From their head office in the capital Dushanbe, HUMO’s loan offices visit the village communities (jamoats) in 15 surrounding districts. The poor infrastructure and the fragile agricultural climate (only 7% of the land is suitable for arable farming) are the biggest challenges for the development of an enterprise in the rural areas. To help diversify its portfolio, HUMO is also active in cities where it provides individual loans to businesses in the retail, manufacturing, and service sectors. Triodos-Doen has provided a loan to HUMO to realise a further growth.
KEY INDICATORS HUMO at year-end 2012:
- number of loan clients: 20,075
- percentage female clients: 45%
- percentage rural clients: 81%
- average loan amount: EUR 627
- number of savings clients: -
Whoever you are, and wherever you live in the world, you are likely to want permanent access to financial services. Microfinance banks play a crucial role providing access to finance to an increasing number of people living on low-incomes. We finance microfinance institutions because they help to build inclusive financial sectors, where the majority of people have access to financial services, leading to a sustainable basis for balanced social and economic development.