(MENAFNEditorial) iCrowdNewswire - Apr 25, 2017 Ruzi Kanibadam, Tajikistan / Cattle A loan of $375 helps to buy cattle to increase the herd size. Ruzi's story
Ruzi is a 57-year-old woman. She has one dependent son, whom she is raising on her own. She is a single mother and must provide for her family by herself. Ruzi lives in a rural area and is engaged in animal husbandry. Her son is skilled, and in his free time he helps his mother to care for the animals. Ruzi started working in animal husbandry in her childhood. Her father was also engaged in animal husbandry, and he had a small herd. Additionally, Ruzi is also engaged in cultivating crops.
Animal husbandry is her main source of income. Since the prices for cattle have now fallen, she wants to buy some heads of young cattle for fattening up. With this problem, she has decided to turn to MDO Arvand for financial support.
Translated from Russian by Kiva volunteer View original language description
This loan is special because: It supports the well being of low-income families at a discounted interest rate. Kendra Thorogood Kiva staff
More about this loan The annual interest rate that Arvand's Kiva borrowers pay is reduced by 4-8%. Your support allows Arvand to provide discounted prices to those who need it most. About Arvand:
Arvand is one of the leading microfinance institutions in Tajikistan, offering small loans to entrepreneurs to start and grow their businesses. This makes an enormous difference in a country that is not only the poorest in Central Asia, but also home to a population where two-thirds live below the poverty line. Today, Tajikistan's economy depends on remittances being sent from family members working abroad in Russia because there are so few local job opportunities.
Arvand's loans have been able to make a difference and change lives. Read about some of the incredible success stories they have seen here in this Kiva blog post: Bringing hope to Tajikistan with Arvand — one success story at a time.
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Ruzi
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