The leader of this group, Nazgul, a 28-year-old young woman, deserves to be called a strong woman. The ordeal that awaited her was divorce after a few years of happy marriage. The expectations of cozy and agreeable married life did not come true. Instead, after divorce actually took place, she was left with two children to raise and uncertainty about life in the future. Nazgul wisely viewed things in a sensible light. She talked to her parents and they agreed to help her look after her five–year-old son and three–year-old daughter while Nazgul is at work as a hospital nurse. Her parents have also given her some sheep for breeding and so animal husbandry became Nazgul’s second occupation. Although she only earns about $95 per month, she can always sell some of her cattle to satisfy her family's needs. Nazgul wants to increase the total population of her cattle and is therefore requesting a loan to buy a calf.
There are three partners in Nazgul’s group:
Asigul, 60, has raised four children and is married to a vice principal of music college. Asigul is a housewife who keeps some cattle and needs a loan to buy a cow.
Burulbu, 59, has one son, a boxing trainer. and a retired husband. For a living, Burulbu raises livestock and sells milk. She hopes to obtain a loan to buy a cow.
Kuljamal, 56, a mother of five children, is married to a shepherd. Kuljamal stays at home and looks after cattle and sells milk. She has applied for this loan to buy a milk cow.
--- 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 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: 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