Several years ago, Gulbaram decided to bring exotic fruits from Bishkek, the capital of Kyrgyzstan, to her tiny village to resell them. The exotic fruits included kiwi, bananas, pineapples and tangerines. These fruits were never before sold in Kochkor and no one had ever tasted them. Thanks to Gulbaram and her hard work, the inhabitants of the village now have the chance to purchase these fruits. Now Gulbaram needs a loan to buy more fruit for her small business and to pay for her children's education.
Gulbaram has three children, two sons and one daughter. They really contribute their help to their mother’s day-to-day hard work. They understand that life in the village is quite hard and they help their mom in whatever ways they can.
The second member of the group, Siynat A., collects old-fashioned bedspreads that are made according to national Kyrgyz traditions. She buys bedspreads from different people, restores them, and resells them at the local market and at the markets in nearby big cities.
The other two members of the group sell vegetables and breed livestock. Gulnara and Latifa are married and have children. Since they have extended families, they spend a lot of time caring for them. They hope to use their loans to buy more livestock so they can sell the livestock products. They will use their profits to buy necessary things for their families and save money for children’s education in the future.
All five of the women in the group are very bright people who have positive attitudes about life.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.
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Success!! The loan was 100% repaid