Mainly, Gulzhan purchases calves and feeds and resells them. Her husband helps her after work. She started this business twenty-five years ago with just eight dollars. Now her monthly income is 150 dollars!
“Cattle-breeding is not the most profitable business. It is not sitting in a clean office gazing into a monitor, doing accounts. Anyway by raising cattle, we’ve been able to buy a house, furniture, home equipment and even pay for the marriage of our eldest daughter,” says Gulzhan proudly.
Currently, Gulzhan needs a loan to increase her livestock population, fatten it up and resell it. In the near future she is going to have a new shed built and a hay-loft, as well as finishing the building of her house, buy her son a car and pay for another daughter’s wedding.
Gulzhan has four partners: Nurzada, Baktijar, Dilbar and Dzhanatkul. Dzhanatkul works as a cook at a school lunch room. The rest are occupied with cattle-breeding. All the members need loans mainly to purchase more livestock, so that they can resell it later.
Nurzada inherited four sheep and one cow. Now she has ten sheep and two cows. She wants a shed to store fodder, after buying a car to get married.
Baktijar started with buying sheep. Then he bought horned cattle. For the moment he has sheep, oxen and a horse.
Dilbar and her husband used to save money to buy cattle. Now theу have a cow, a calf and sheep. She wants to buy a car and pay for her son’s marriage.
Years ago Dzhanatkul bought a cow which provided seven liters of milk a day. Now she has three cows and gets twenty liters a day.
--- 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 the 3-Ps concept - People (building human capital and taking care of its customers and the society as well), Profit (to be profitable in order to grow further) and the Planet (taking care of the environment). It is also the only MFI in Kyrgyzstan that 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: 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 www.kiva.org/team/kyrgyzstan. Members will get special updates and news from the Kiva Fellows in Kyrgyzstan and from Mol Bulak staff.
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