Tajikistan

Tajikistan

Microcredit

Supported institution: Humo

Investment date: November 2014

Total investment: eight hundred thousand Canadian dollars

Project description

Humo is a socially responsible organization that was launched in June 2008 as part of a microcredit program aimed at bringing affordable financial services to vulnerable, low-income populations in Tajikistan.

Humo takes part in various projects to promote climate resilience and sustainable agriculture, with partners such as the Asian Development Bank, the World Bank and the European Bank for Reconstruction and Development. The institution has become an integral part of the community and is known for promoting private sector investment in Tajikistan and supporting gender equality and climate resilience.

Humo is the third-largest microfinance institution in Tajikistan and provides individual and group loans to more than 102,000 clients, 41% of whom are women.