In this beautiful place lives our hero, Chinara I., a leader of this group. Chinara is a strong and determined woman. She is forty-three, married and a brilliant mother of four children. They are very smart and help their mother. Her husband is a taxi driver and earns 5,000 KGS ($113) per month.
Last year they decided to sell their bull calf for 15,000 KGS ($340), thus beginning their business. Now the profit is 5,000 KGS ($113). They already have bought furniture and their plan for the future is to buy a car. They want a loan to buy two bull calves to fatten and resell.
Keneshkan K. is thirty-six, married and the mother of four children. Her husband is tractor driver. She sells provisions such as sugar, rice, oil and daily goods. Her profit is 5,000 KGS ($113) per month. She wants to get a loan to extend her assortment.
Baktygul O. is forty-nine, married and the mother of three children. Once they needed money very much and decided to sell their cow, so they used the money and with the rest they have bought a bull calf for 10,000 KGS ($227). This was their first step into the business world. Now their revenue is 6,000 KGS ($136). They want to get a loan to buy two bull calves so that they can fatten and resell them.
Nurlanbek I. is a forty-nine year old married man with two children. His eldest is a student at a technical university and the younger one is at home. Nurlanbek has already bought a car. The business began with 10,000 KGS ($227) from selling sheep. His profit is 6,000 KGS ($136). He wants to get a loan as he wants to buy two bull calves.
--- 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-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