Erkinbek, Ryskul and Atyrkul are members of Anara’s group. Erkinbek is 39. To provide for his family, he sells strawberries from his own vegetable garden and also resells clover. He is able to deliver the clover thanks to a friend, who has a truck to transport it. Erbinek has to work hard, since his wife is expecting another baby! Erkinbek is in need of a loan to purchase more clover.
Ryskul is forty. She owns a shop, where she sells a wide range of convenience goods such as stationery, foodstuffs, detergent and vegetables. She needs a loan to purchase more goods for her store to enrich the assortment. With the profits she expects, she would like to buy a new bedroom suite.
Atyrkul, 43, is married. She has two daughters. Once, her relatives suggested opening a pavilion for selling foodstuffs. Within three years, Atyrkul has increased her profits and has bought lots of domestic goods for her house. Now, Atyrkul needs a loan to purchase sugar, cereal and macaroni. After reselling these items, she hopes to earn enough to pay for her daughter’s college education.
--- 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.
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