Kubanychbek, 44, is a farmer. His wife is a schoolteacher. They have three children. Kubanychbek needs a loan to buy a milk cow.
Galina, 46, is engaged in raising poultry. She has geese, hens and sells their eggs.
Galina’s husband is a builder. She has one son. Galina hopes to obtain this loan to purchase more poultry for breeding.
Tatina, 51, has one son. Her son is twenty. He works in a wool producing factory. For her living Tatina keeps a cow and sells milk. She makes seventy dollars a month. Tatina needs a loan to buy one more cow.
Bedimat, 57, works as a cook the dining room of a high school. Bedimat has two children. They are grown ups and live separately. She has applied for this loan to invest the money in purchasing sheep.
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