According to them, it is always possible to set up a business. In the beginning, Nurbubu did not have a container or a building to use when she wanted to start selling. So she and her husband made a small space right inside their house for their shop. Long ago, Nurbubu already had experience selling dishes in a big market. This was an incentive for her to open a shop at home after her marriage. Investing just $45 in this undertaking, Nurbubu now earns three times as much on a monthly basis. This very same shop has given Nurbubu an opportunity to educate her children and build a new house. Now Nurbubu hopes that by using this loan she will be able to purchase more goods to enrich the assortment and increase the turnover. Nurbubu plans to complete the building of their new house, see their son married and build a shed for keeping cattle.
Nurbubu’s partners are Nazgul, Kanitat and Ramis. Nazgul, 31, has three children, all of whom are school students. Her husband works as a policeman. Nazgul is engaged in raising cattle and selling milk. Nazgul needs a loan to buy a cow.
Kanitat, 47, is a mother of three children. She is occupied with animal husbandry, selling milk and also needlework. Kanitat needs this loan to cover expenses related to harvesting wheat.
Ramis, 18, is single. Despite his young age, he and his brother, 17, already take care of his family, which consists of his mother and a five-year-old sister. Ramis raises cattle and sells milk. He needs this loan to plant wheat and purchase fuel. He has decided to try farming and if everything goes well, become a farmer.
--- 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