Our Products :: Group Lending
The organization uses the world-renowned system of group lending. The main element of this strategy is the use of groups - composed of 3 to 10 borrowers - created either by the organization's employees or the borrowers themselves. The principle of group lending depends on the guarantee that each member of the group makes:
- Every member of the group is responsible for their own loan repayments, as well as for the overall funds received by the group.
- The groups select their members themselves, as it's important for each group to choose the people they can trust and feel are responsible.
- The group receives a complete disclosure regarding the details of their loan, as well as repayment schedule and other procedures, through consultations provided by the loan officers.
- Once the group is formed, the loan officers offer continued support to the clients through consultations in areas of management, bookkeeping and marketing.
The main advantage of this method is that population residing in rural and far regions of the republic, that do not have enough income or collateral to receive a traditional bank loan, can get access to credit through the creating of solidarity groups.
"Humo and Partners, LLC." offers the following types of group loans:
Credit For Raising or Breeding Animals
Credit for raising animals provides the borrowers with capital to raise or breed animals, such as: goats, sheep, birds, cows and rabbits.
Guarantee: Group Solidarity
Amount: From 80 to 6,500 TJS for each member of the group
Loan Duration: From 3 to 18 months
Conditions for receiving the loan (applies to each member of the group):
- Individuals must be over 20 years of age
- Need to have experience in their line of work for at least 6 months
- Business must meet all of the legal requirements of the Republic of Tajikistan
- Client cannot owe debt to another 3rd party
- Business must be profitable
Guidelines for group loans:
- Number of borrowers within a group must be between 3 to 10 people
- Borrowers must have an active passport of the Republic of Tajikistan
- The group understands and accepts the principles and rules of solidarity guarantee.
Necessary documents:
- Loan application
- Passport of the Republic of Tajikistan confirming the address of the client.
- INN
- If the business is registered, then the registration or license.
Business Credit
Credit for business expansion can help borrowers to increase their working capital. These loans can be used for the following activity: retail trade, manufacturing, transport and services.
Guarantee: Group Solidarity
Amount: From 80 to 6,500 TJS for each member of the group
Loan Duration: From 3 to 18 months
Conditions for receiving the loan (applies to each member of the group):
- Individuals must be over 20 years of age
- Need to have experience in their line of work for at least 6 months
- Business must meet all of the legal requirements of the Republic of Tajikistan
- Client cannot owe debt to another 3rd party
- Business must be profitable
Guidelines for group loans:
- Number of borrowers within a group must be between 3 to 10 people
- Borrowers must have an active passport of the Republic of Tajikistan
- The group understands and accepts the principles and rules of solidarity guarantee.
Necessary documents:
- Loan application
- Passport of the Republic of Tajikistan confirming the address of the client.
- INN
- If the business is registered, then the registration or license.
Agricultural Credit
This type of credit allows borrowers to use the extra capital for agricultural reasons, as well as to purchase seeds, fertilizers, pesticides and fuel.
Guarantee: Group Solidarity
Amount: From 80 to 6,500 TJS for each member of the group
Loan Duration: From 3 to 18 months
Conditions for receiving the loan (applies to each member of the group):
- Individuals must be over 20 years of age
- Need to have experience in their line of work for at least 6 months
- Business must meet all of the legal requirements of the Republic of Tajikistan
- Client cannot owe debt to another 3rd party
- Business must be profitable
Guidelines for group loans:
- Number of borrowers within a group must be between 3 to 10 people
- Borrowers must have an active passport of the Republic of Tajikistan
- The group understands and accepts the principles and rules of solidarity guarantee.
Necessary documents:
- Loan application
- Passport of the Republic of Tajikistan confirming the address of the client.
- INN
- If the business is registered, then the registration or license.
Parallel Credit
Organization offers parallel loans for their active clients, who are are lacking the necessary funds during their peak season. These types of loans give the client an opportunity to receive a parallel credit prior to fully paying off the original loan.
