Nurjan’s husband works as a director of rayon’s movie directorate. As for Nurjan, she is a housewife. However, even staying at home and doing her regular housewife’s duties; Nurjan manages to earn some money by selling milk. She sells up to ten liters daily, which allows her to make fifty dollars a month. It is a sizable amount of money, considering that they once invested just seventy dollars in buying a cow. And taking into account twenty years of a housewife’s life, it is largely due to these humble earnings of hers and of course her husband’s serious job that they have been able to refurnish their house, buy new domestic equipment, give their children a proper education and build a building opposite their house.
Nurjan has decided to diversify her daily routine by keeping sheep. She intends to fatten them and resell them. To do this, she is in need of a loan. Among her near-future plans is to marry off her son and build a new house.
Kamchybek, 37, is engaged in cattle breeding. He has a wife and three children. Even though his wife sells milk and thus contributes to the family’s budget, Kamchybek’s earnings are barely enough to support the whole family. He hopes to get a loan to buy materials for building a new shed.
Kalima, 57, is a mother of three children. Her spouse is a math teacher at school. Ten years ago, they bought a calf. Since then, Kalima has been selling milk. Kalima’s long-time dream has been to have a new bedroom suite. As Kalima earns a little, this loan might enable her dream to come true.
Asylkul, 52, is married. She has brought up four children. Currently she sells milk, making 85 dollars a month and otherwise stays at home. Her husband is a driver. Several years ago, she bought two lambs. After selling them Asylkul bought a calf and raised it. She needs a loan to buy five sheep.
--- 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