Suiun’s husband works at the public assistance service of Bishkek city as a leading specialist; her eldest son works in a furniture salon “Shatura” as a furniture maker; her other son works as a waiter in a café and is enrolled in college – he is getting tuition by correspondence.
Suiun works as a teacher at an elementary school. Besides that, she manages to look after some cattle. The fact is that long ago, before their marriage, Suiun’s husband already had some livestock. Suiun and her husband have made best use of their opportunities and have achieved great success in increasing the population of livestock and in improving the quality of their living. The livestock allowed them to meet various needs like providing education for their sons, buying convenience goods for the house and making repairs to their home, etc.
For the last twenty-five years, raising livestock has been an extra occupation and an extra source of income for the whole family, which every member of the family has shared concerns about. Suiun wants to continue dealing with cattle as it allows them to have quick and large amount of money whenever they need it. Therefore, she has applied for this loan to be able to buy two calves.
Suiun’s partners are Tolobek, Gulzat and Sveta:
Tolobek, 48, has three children and his wife is a teacher. To make a living, Tolobek works as a stoker at a railway station. He needs a loan to buy a calf to raise.
Gulzat, 36, has two children and her husband works in construction. Gulzat is a teacher at an elementary school. She hopes to obtain this loan to buy a milk cow.
Sveta, 41, is the mother of four children and her husband is a taxi driver. Sveta is a photographer, providing photographic services at weddings. Obtaining this loan would enable Sveta to buy a printer, which she needs in her work.
--- 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