Karimova Labarhan's Group
Here, in our country, usually the youngest child stays with the parents and looks after them, especially when they become older. Her son is 29 years old and works as a taxi driver in the village. He has three children, and two sons are twins! Quite a rare case for almost everybody! Labarhan’s daughter-in-law is a housewife and also looks after the family business.
Labarhan and her family have land where potatoes and cotton are cultivated. For this loan Labarhan is planning to buy seed potatoes, mineral fertilizer and get prepared for sowing. She has been in this business for sixteen years. In the future her family is planning to buy additional land and also to start livestock breeding. Maybe later loans will be disbursed for this purpose.
Bahtiyor, 38, is the father of four children: three daughters and one son. The middle daughter is a disabled person but all the others go to school. Bahtiyor is a farmer and he will use the loan to buy cotton seed and fertilizer. Bahtiyor also keeps two bulls for breeding and wants to increase the number of his livestock.
Sabahathan, 55, is also a farmer. Her family has a total of 0.5 hectares (1.25 acres) of land and she cultivates potatoes and wheat there. She needs a loan to prepare for spring sowing, which requires her to plow and buy seed potatoes. She is married with one son who in turn is married and has one son. All the family members, including Sabahathan’s husband, take an active role in the family business. This year Sabahathan is planning to make repairs to her house.
Gulanarahon is 25 years old and the youngest member of this solidarity group, but not the least. She is married with one son. She will use this loan to buy textiles to start a new business. Before getting married she helped her mother and they had a little sewing workshop. So she is planning to open her own workshop to produce garments, coverings, etc. This is her number one priority as well as to bring up a good son!
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