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funding gap emerging markets
Tajikistan

HUMO 2

  • HUMO
  • Invest in microfinance
  • + 533 other investors
  • With a EUR 150,000 loan, local partner HUMO will provide financing to 113 of rural entrepreneurs, farmers and women-owned businesses in Tajikistan. This loan will enable clients to access working capital and run their businesses. *exchange rate risk EUR/USD*

    €150,000
    Amount
    5.00%
    Interest
    24 months
    Maturity
    24 months
    Repayments
    USD
    Currency
    Amount€150,000
    Interest5.00%
    Maturity24 months
    Repayments24 months
    CurrencyUSD
      100%
      Fully funded in 48 days on 10 October 2023.

      The project

      *Notional repayment after 24 months, interest payment every 6 months*

      HUMO is a progressive and leading microcredit deposit organization established in Tajikistan. The main activity of the company is the provision of high-quality, affordable financial services to the rural population, as well as to promote the development of small and medium-sized businesses in poor regions of the Republic of Tajikistan. HUMO uses modern technologies and high standards of microfinance in its work, which allows the company to carry out activities in accordance with the world's best practices. This implies high-quality customer service, effective company management, and good relationships with partner banks, state regulatory bodies, and local authorities. 

      On November 1, 2013, the National Bank of Tajikistan issued to HUMO a license to carry out microfinancing activities. The day the MFI license was received became a significant event, marking another step in the stable growth and development of the company. Previously, HUMO worked under the brand of LLC Microcredit Organization "Humo and Partners", which was established in June 2008. The founder of the organization is the Microloan Fund “Humo”, which is the successor of the CARE International microcredit program in Tajikistan.

       

      Use of Proceeds / Loan purpose

      HUMO is the second largest microfinance institution in Tajikistan in terms of loan portfolio. The company offers its services through our 24 branches and 48 microfinance service centers. 

      HUMO’s core business is microfinance loans and it provides a wide range of loan products like Agri loans, Agri SME loans, Business micro, Business SME and consumer loans. In 2022 the company provided loans to existing and new clients to the amount of TJS 1.2 billion (more than USD 100 million).  

      Apart from this, as a microfinance institution, HUMO provides a wide range of banking services and loans and foreign currencies, like attraction of deposits, opening banking accounts, providing payment cards, money transfers, forex operations, online banking, payment services, etc.

      The main sources of income of the company are loan portfolio, remittances and other banking services, like payment services, mobile banking, fx operations, payment cards.


      What financial return could your investment generate? 

      • Annual interest rate of 5%
      • Bullet loan. This means you will receive the repayment of your investment after 24 months. The interest payment takes place every 6 months.
      • Note: you are investing in dollars (USD), so there is a risk of exchange rate fluctuations between dollars and euros. For more information about possible exchange rate risks, you can check our currency page.


      Mission

      Provision of access to a wide range of high-quality banking services, innovative financial solutions to the population and representatives of micro, small and agribusiness in order to contribute to the social and economic development of the Republic of Tajikistan. 
       

      Vision

      HUMO is one of the leading fintech companies offering affordable financial and non-financial services through partners and new markets.

       

      Company nameHUMO
      CEOFirdavs Mayunusov
      Founded2009-07-21
      LocationDushanbe
      SectorAgriculture
      Turnover$26,525,000
      Employees1100
      Credit scoreA+

      Impact

      HUMO is a microfinance institution in Tajikistan that is committed to improving financial inclusion to improve the financial well-being of low-income individuals, small businesses, and entrepreneurs in the country. Access to finance is an effective tool against poverty. It increases entrepreneurial activity, resulting in job creation, empowerment, and economic development.

      The MFI primarily serves entrepreneurs and people in rural areas, where 75% of their clients live. 40% of their client portfolio are female entrepreneurs. HUMO also assists its clients in finding their way to proper education and health services and by increasing their financial literacy. 

       

      SDGs impacted

      With this project, you are contributing to the following Sustainable Development Goals:

      SDG 1 - No poverty

      SDG 8 - Decent work and economic growth

      Read more about the impact you can make through our platform and the SDGs on our impact page.

      • With this investment 8 jobs are created
      • With this investment 563 lives are improved

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      We have already contributed to HUMO 2

      Aad Nootebos
      Lars Groenewegen
      Danny Honig
      Robert Roose
      Olaf Janssen
      + and another
      533
      investors