O. Nerkul is a 57-year-old woman who is divorced. She has a mother who is on a pension; she receives 3,000 ($65) soms from the government. Nerkul is a staff member in the company “IPAR”, which is a multilevel marketing company and earns money from selling probiotics. She had to run this business to improve her health and distribute information about this company. Now she has a leadership level position and opened an informational center in Balykchi. Her profit is about 10,000 or 15,000 soms. She wants to get a loan to increase turnover and to extend her own staff. Her aim is to achieve another fourth degree and to go away to international business.
Davletova G. is a 53-year-old married woman. She is a citizen of Balykchi. Her husband works as a chief administrator of social security in Balykchi. They have a daughter who is a student. G. works in the multilevel marketing company "IPAR”. Once she improved her health by taking the probiotics and having good results, she started to work for the company. She started with 5,500 soms. With the help of the probiotics, she has cured her grandsons’ burn, she was cured from high blood pressure and now she is on the way to getting her second degree. Her aim is to achieve high degrees and to extend her trade turnover and staff.
Suyundukova T. is 45 years old. She is married. Her husband works as an electrician in telecasting. His salary is 15,000. She works in the multilevel marketing company “IPAR”. Her profit is about 1,500 soms per month. Her health was improved by probiotics and after getting good results, she started her business in “IPAR”. She started with 2,000 soms. By getting a loan, she wants to increase her trade turnover. Their plan for future is to buy livestock.
Tazabekova R. is a 57-year-old woman. She improved her health by using the probiotics and after getting good results, she started to work for the company. She has a leadership level position. Her profit is 10,000 soms per month. However, she began her business with 5,500 soms. By getting a loan, she wants to increase her trade turnover and her staff. Her main aim is to buy a flat in Bishkek.
Akmatova A. works in the multilevel marketing company “IPAR”. She is 55 years old. She is a widow who has a daughter who is 20 years old. She improved her health by using the probiotics and after getting good results, she started to work distributing information about this company. She earns each month about 2,000 soms; she started her business with 5,500 soms. By getting a loan, she wants to increase her trade turnover and her staff. Her main aim is to buy a flat in Bishkek.
--- 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