A. Asel is 40 and she is married. She has a daughter who is 11. Her daughter is in fourth grade. Her son who is 10 years old is a smart guy who also studies. He is in third grade. Her husband works as a builder whose salary per month is 5,000 soms. About six years ago, she started a little business where she sells cattle in the local market. They are building a new house, which will be finished in the future. However, they want get a loan to buy four small cattle to breed, because cattle sell well in the market right now.
A. Elmira is 45 and has a daughter who is 16. Her daughter helps her mother after school. Her husband works as a builder and earns 5,000 soms per month. Seven years ago, A. Elmira began a business. She sells products that are used daily. She started with 25,000 soms and now her profit is 7,000 soms per month. She already increased her turnover and improved her family's well being. With her loan, she wants to buy 100 kg of sugar, different cereals, vegetable oil and daily use goods.
K. Musa is a 56-year old man whose wife is on a pension. He is going to expand his business by increasing his livestock. He has two children, but they live separately. He resells cattle in the market. He began this business three years ago with 18,000 soms and now he earns 3000 soms. With the loan. he wants to buy a bull to sell.
--- 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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