Nadejda Sheremetova's Group

The leader of this group, Nadejda, is a forty-eight year old woman who has spent twenty years of her life keeping cows. As soon as she got married, she started raising a cow and found this occupation most suitable for herself. She even managed to convince her husband to be engaged in the same activity. Now, her husband as well, is occupied with breeding cows. He brings the cattle home and also milks them and helps his wife turn in the milk. They manage to daily turn in 32 liters of milk, which brings them $140 each month. This is not a big sum. Nevertheless, they have been able to buy convenience goods, a wall unit and to conduct periodic repair of their house. They have three children, who live with their own families. The children received a good upbringing from their parents, and started their married lives quite early. Nadejda has applied for this loan to buy hay for wintertime for her cows. She has a dream to have a car. But before purchasing a car, she is going to finish the repairs to her house and increase the total population of her livestock.

These are Nadejda’s partners: Gulbaiyas, Raifa and Alexandra.
Gulbaiyas, 46, is married and has two children. Her daughter goes to college and works as a saleswoman in a grocery store. Gulbaiyas’s husband is a driver. As for herself, she sells milk and works in the field. Gulbaiyas is in need of a loan for harvesting barley, corn and wheat.

Raifa, 54, is divorced. She has one son, 28, who works as a shepherd. He also milks cows and sells milk. Raifa works as a controller, but she manages to save time to help her son milk cows and sell milk. She needs a loan to purchase hay for wintertime.

Alexandra, 57, has one son. Her husband works as a metal worker and her son sells chewing gum, distributing them by his own car. Alexandra works as a mail carrier and she also keeps cows and sells milk. Therefore, she needs a loan to buy hay for wintertime.

--- Where Did This Loan Come From? ---

This loan is brought to you by Mol Bulak Finance, a young and ambitious socially-focused MFI in Kyrgyzstan.

Mol Bulak Finance is strongly committed to the principles of sustainable development on the basis of 3-Ps concept - People (building human capital and taking care of its customers and the society as well), Profit (to be profitable to grow further) and the Planet (taking care of the environment). It is also the only MFI in Kyrgyzstan who delivers its services to customers 365 days a year. To learn more about Mol Bulak and view a Video presentation about the organization, please visit: http://www.kiva.org/about/aboutPartner?id=135

If you would like to support and learn more about Kyrgyzstan and micro-finance in Central Asia, please join our Lending Team - Supporters of Kyrgyzstan - at http://kiva.org/team/kyrgyzstan. Members will get special updates and news from the Kiva Fellows in Kyrgyzstan and Mol Bulak staff.




About Group Loans
In a group loan, each member of the group receives an individual loan but is part of a group of individuals bound by a group guarantee. Under this arrangement, each member of the group supports one another and is responsible for paying back the loans of their fellow group members if someone is delinquent or defaults. Learn more

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