Atyrkul, being a housewife, takes care of the household. She also actively helps her husband look after their cattle. Her daily routine begins with milking cows in the morning, then selling the milk to her neighbors. Besides cows, they keep some other livestock, too. So, Atyrkul has always a lot to do around the house.
Having lived all her life in a rural area, she decided to send her eldest son to college, to live in the city. Two other sons live at home and help their parents. By selling some of their livestock, they managed to buy a house, though Atyrkul’s monthly income from selling milk is just US$ 65.
Now, Atyrkul is desperate to buy another cow. One more cow means more milk for sale, consequently more daily income to save for their second son’s education. For villagers every liter of milk is valuable, since it brings cash, which is a rare thing in a village area.
Here are Atyrkul’s partners: Amanbu, Altyn and Nazira. Amanbu is fifty. With her husband she keeps livestock: one cow and twenty sheep. Her husband is an electrician, but Amanbu, being a housewife, meets her daily needs by selling milk. Now, Amanbu wants to get a loan to buy a calf and with the rest of the loan she would purchase sheep for fattening and resale.
Altyn is twenty-five. She is married and has three children. To help her husband, who is a welder, she sells foodstuffs and earns US$ 130. She needs a loan to include more vegetables, fruit, and salads in her assortment.
Nazira is twenty-three. She is not married yet. However, for five years already she has lived independently in terms of finances, as she has been selling newspapers, magazines and some detergents. Nazira needs a loan to open a small shop to sell detergents out of.
--- 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