Janylbubu K. is just like this. She is a kind, open-minded person. Because she gives something, God is giving her. God already gave her health; besides that, He gave her a really hardworking husband and brilliant son. She adores them because they are really good friends and her best supporters. Her husband is on pension but still works at home as a joiner and makes fascinating items. A simple piece of wood can turn out to be a beautiful souvenir. It is his hobby but, at same time, it provides an opportunity to earn their daily bread. They bought a joiner bench and began their business. Later on, with the money they earned (about 5,000 soms or $112), they bought cattle. Now their revenue is 4,000 soms ($90). They are planning to build a house and marry off their son. They decided to take out a loan to buy raw materials.
Sabira O. is a 50-year-old married woman. She has two children: a daughter and a son. Her daughter is a student and her son also attends school. Her husband is a taxi driver. They want to take out a loan to buy two tonnes of coal. With the rest of the money, they will buy sheep.
Cholpon O. is a 54-year-old married woman. Her two children attend the local school and her husband works as an electrician at the school. They want to take out a loan to buy coal. Their plan is to buy a house for their son.
Aynagul M. is a 57-year-old married woman. She has five children: four of them live separately and her youngest daughter is a student. Her husband is a joiner who makes frames and doors. Their revenue is 3,000 soms ($67). They want to buy a horse – that’s why they need a loan.
Suusar B. is a 50-year-old married woman. She has two sons. The older one is 25; he is a tractor driver and helps his father. The younger one is a student. They are planning to build a house for their sons and increase the number of their cattle. They want to take out a loan to buy a cow and, with the rest, they are planning to buy coal.
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 the 3 P's 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 further your 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