As for Taailaikul’s spouse, for the last four years he has been trading in spares. He purchases cars that have been in an accident and dismantles them into spare parts for sale. He used to work as a salesman in a spare parts shop. About a year ago his parents sold their livestock, fetching $800, and bought him a container. Now, he sells spares from his own container. Not having to pay for leasing a container, has let him save enough money to buy a car. His monthly income is around $470.
Taailaikul and her husband need a loan to purchase broken down cars, for the resale of spare parts. They want to increase their turnover. As for Taailaikul, she intends to work as a seamstress in the capital.
These are Taailaikul’s partners: Bubuajar, Nurbubu, Jumagul and Altyn.
Bubuajar, 57, is engaged in raising and breeding livestock. Besides being a farmer’s wife and having brought up three children, she has been working as a doctor’s assistant at the hospital. She needs a loan to buy a milk cow.
Nurbubu, 48, has raised six children. Together with her husband she is engaged in cattle breeding. In summer, after sending cattle to pasture, she and her husband grow and process agricultural produce. She needs a loan to buy a cow to sell its milk.
Jumagul, 47, is engaged in raising livestock. She started this activity twenty years ago when her parents-in-law gave her and her husband some cattle as a gift. It brings them a stable income of $120. Jumagul needs a loan to purchase a milk cow for breeding.
Altyn, 59, is a farmer’s wife and is the mother of six children. To make a living she sells foodstuffs. She has her own shop and makes $95 a month. She needs a loan to purchase more goods and to finish building a summer pub.
--- 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