Daryika’s partners are Abjapar, Jumagul and Jamiyla. Abjapar, 47, is a father of four children. He works in the market selling milk and eggs. Prior to this occupation he served in the military. After retirement, he decided to take up a trade to keep active. Abjapar needs a loan to buy a cow. He wants to sell sour cream and cottage cheese.
Jumagul, 36, is divorced and is raising a son. In spite of being a servicewoman, she manages to find time to sell writing materials. In this way, she earns a pretty decent income. Jumagul needs a loan to pay for a repair at her house and to purchase more stationery materials to sell.
Jamiyla, 40, is married to a taxi driver and has two children. She works as a jurist in frontier troops. As Jamiyla’s son goes to one of the best private high schools in the country, she needs a loan to pay for his tuition. Her plan is to send her son abroad to pursue his career.
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 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 that delivers its services to customers 365 days a year. To learn more about Mol Bulak and to 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 microfinance 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 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