No matter how “imperceptible” the gift looks, Azykbubu still remembers with delight and gratitude the day when her parents–in-law gave her one cow and three sheep as a present. Since that day she and her husband have been breeding cows. The profits from this venture have allowed them to buy tractors, provide for their children’s education and increase their herd.
Now, Azykbubu needs a loan to buy another cow. This would help her increase the size of her herd and the amount of milk she could sell. Azykbubu’s main goals are to give her daughter an education, marry her off and increase the population of her herd.
Azykbubu has three partners: Satybek, Kaldykul and Burulcha.
Satybek, 52, is married. He has a twenty–year-old daughter. To make a living he is engaged in cattle breeding. His wife works as a charwoman at the school. Satybek needs a loan to buy a calf for breeding.
Kaldykul, 52, has three children. Her husband is a shepherd, whereas she farms and sells milk. She grows barley, wheat and potatoes. Kaldykul’s married son lives with his parents. Her daughter-in-law often helps her care for the cows. Kaldykul hopes to get a loan and buy two calves.
Burulcha, 49, is divorced and has one daughter. Even though she has had a hard time providing for her daughter, Burulcha has enough steadfastness and dignity to continue struggling to live. She sells milk and grows potatoes. Burulcha needs a loan to buy ten sheep for breeding.
About Mol Bulak Finance:
This loan is being presented 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 its “3-Ps” concept: People (building human capital and taking care of its customers and the society as well), Profit (to be profitable to grow larger) 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