Thérèse – Kinshasa – DRC, Business individual

Therese is a 47 years old woman, living in Kinshasa with her husband and their 2 children. She has a State Diploma in sewing. As she did not find any job position in sewing, she first worked in the second hand clothing business during 6 years. Afterwards, she started to sell sachet water at her house. Having enough profit, she delocalized her business in order to rent a shop in the market of Gambela, in the center of the city. In order to support her activity, Therese was granted 4 loans at OXUS, of 650 EUR, 970 EUR, 1,200 EUR and 925 EUR. These loans have enabled her to expend and diversify the range of goods proposed, and her clientele to quickly expend in consequence. Thanks to OXUS’s support, Therese’s financial situation improved as well as her livelihood. This, as she invested her increased profit to improve her household (buying electrical goods). She is today also strongly supporting the education of her two children.

Malika – Sughd province, baker

Malika is a 30 years old woman who studied in Moscow. She came back in Tajikistan from Russia in 2008, and she is married to a professional cake baker. She since began to bake custom cakes at home and started to save up money. In 2010, she obtained her first loan from OXUS to invest fully in the start of a baking business, and purchase raw materials and equipment (stoves, refrigerators, and so on). After that, she began to distribute her goods to a number of additional shops and her business began to grow quickly. Her growing activity enabled her to reimburse her loan on time and increased her need to have her own space. Therefore, she contracted another loan of $7,000 to scale up production by buying appropriate equipment, and even better, to open her own bakery. OXUS enabled Malika’s to have the financial resources to support the development of her activity, while in consequence she creates job opportunities and develops other people’s skills. In the future, she wishes to open a tearoom. For this project, she wishes to be financially supported by OXUS.

Farida – Kaboul Afghanistan – Tailoring activity

A After a few years in Iran and the collapse of the Taliban regime, Farida came back to Afghanistan. By this time, she had separated from her husband, leaving her brother as only support for her and her only child. Because of this dependence, the fact that she “did not want to be a burden” to her brother, Farida felt an urge to work and earn a living. As she had acquired sewing skills while in Iran, Farida started tailoring at home. But, as they moved several times, she couldn’t rely on stable and loyal neighborhood customers. Finally  a relative who knew OXUS Afghanistan introduced Farida to microfinance. She quickly applied to her first loan, of 40,000 AFN, which enabled her to rent her own working place: a shop in the Qala-e-Fathullah area of Kabul. With the subsequent loans, Farida purchased sewing machines and other raw materials to expand her business. Today, she is repaying her fourth loan worth AFN 50,000. Since she opened her shop and her net income exceeds 25,000 AFN. Farida is very happy to now be a self-sufficient woman. Microfinance has not only helped her establish her own business and overcome many of her challenges as the breadwinner for her family, but it has also put her in a position to provide a source of income and inspiration to young women. Moreover, Farida has been able to support her daughter’s education. She is planning on opening a second tailoring shop using the OXUS microfinance loans.

Halilov – Batken, Kirghizistan – Business individual

When he first started to benefit from the financial products and services of OXUS Kyrgyzstan, his main activity was to sell women clothes on the market. Through his first loans, he was able to have the financial resources to invest in his activity and therefore to ensure its deployment. For instance, these credits made it possible for him to purchase his own spot at the market. With a stabilized place for his business, his revenue became regular and even increased. Halilov started to think of other projects he could develop, and decided to focus on agriculture, cultivating apples. After several loans with OXUS Kyrgyzstan for the growth of his first activity, and as Halilov has proven to be a good client, OXUS decided to grant him other credits to ensure the development at best of his new business. Halilov took his 5th loan with the institution, of 3,400 USD, which enabled him to buy a Sprinter bus. Thanks to this purchase, he can today ensure the distribution of his apples himself, and has the capacity to deploy his activity. Moreover, thanks to the loans provided by OXUS Kyrgyzstan, Halilov did not only increase his income and his business, he also was able to improve his daily life by having the funds to do good and durable renovations in his house.

Gulnura – region of Jalalabad, Kirghizistan – Woman farmer

Gulnura is a woman farmer, of 60 years old. She used to work as a teacher, and then became the director of a school in the region of Jalalabad, which is in the south of Kyrgyzstan. Gulnura has been taking credits at OXUS Kyrgyzstan for 8 years now. She took a first loan in 2006, about 1,000 USD over 12 months to grow her agricultural activity. She purposefully used it and repaid everything on time. Due to her good repayments, and the development of her activity, she was able to borrow twice the same amount in 2014, which was a strong support for her to purchase livestock and arable land. After a few months, her activity deployed itself, as well as her financial needs to be able to pursue it at best. Therefore, OXUS Kyrgyzstan granted an increase to her credit, enabling her to buy fertilizer and fuel. Since 8 years, by responding to Gulnura’s financial needs, her purposeful use of grants and good repayments, OXUS Kyrgyzstan has been accompanying and helping her expand her activity, and by consequence giving her the means to increase her revenue. Furthermore, she also took the opportunity to invest her profits in order to ensure the growth of her activity, by buying additional cattle and horses. The benefits enabled Gulnura to be a strong support for her family during all these years.