Asel sells vegetables. Her present occupation greatly differs from her previous one, as she used to work as the head of a city firefighting department. There, a friend of hers advised her to get engaged in a trade, since the salaries were, roughly speaking, humble. This “career” change of hers has brought a lot of positive changes into her life. It is not only that she has an opportunity to deal with a lot more people, but also it has allowed her and her husband to save sufficient funds to buy a two-room flat.
Asel needs a loan to purchase vegetables: tomatoes, cabbages, peppers, etc. With the return, she is going to buy an automatic washing machine. Her future business plans are to buy a van and to open a greengrocer’s shop.
Asel has three partners: Elmira, Gulzana and Gerindi:
Elmira, 37, is a widow and the mother of four children. She provides for her family by engaging in farming. She grows clover for cattle and sunflower seeds for producing sunflower oil. She needs a loan to buy a milk cow.
Gulzana, 32, has a small family consisting of her, her husband, a six-year old daughter and a four-year old son. To make a living she sells milk and trades in sheep. She received this affection for animals from her parents-in-law. Besides that, she works part-time in a worsted factory. She needs a loan to purchase sheep for breeding and resale.
Gerindi, 57, is divorced. She has raised two daughters who work and live separately. Gerindi works as the main specialist in a rayon emergencies department. She needs a loan to connect to the heating main. She plans to repair her house and make it more comfortable.
--- 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