Furuz 11

Furuz

Company

Tajikistan

Country

The project

Farmer Ikromov runs a farm with his family, passed down through generations. Every day, they work hard to produce enough grain. With the microloan from Furuz, he invested in a tractor that not only reduces the physical workload but also boosts output. This leads to additional income and contributes to food security in his region.

Furuz reaches more than 3,500 micro-entrepreneurs in Tajikistan, many of whom are active in agriculture and livestock. The institution operates in remote areas where traditional banks are not present. For many entrepreneurs, Furuz is the first place where they can apply for a formal loan.

Farmers use their loans to invest in seeds, irrigation, or better care for their crops. This increases productivity and reduces the risk of harvest losses. More than one-third of all Furuz loans go to the agricultural sector.

With your investment in this project, about 90 farmers like Ikromov can strengthen their businesses and contribute to a more resilient rural economy in Tajikistan.
 

Furuz on Lendahand

• Active on Lendahand since: December 2023 
• Total raised: €1,550,000
• Already repaid: €383,333
• Interest disbursed: €51,625
• Payments on time: 10 out of 10 (100%)

Your investment

• Annual interest rate: 6%
• With an investment of 1,000 euros, your expected total repayment would be 1,090 euros
• Maturity: 24 months
• Grace period: No repayments will be made during the first 6 months. The first repayment is due in month 12, followed by the second repayment in month 18, and final repayment in month 24.
• Currency: Euro