When Mira’s husband died, only her newborn son gave her the strength to go ahead. She totally dedicated herself to her son. Still, a wound that has never healed sometimes cuts the ground from under her feet but, looking at how her son is growing up and how he just looks like his father, she understands that life is terrific.
Also, Mira has understood that wishes do not wash dishes, so she has had to do something for a living. With 500 KGS ($12) in her pocket, she started her little business selling a particular sort of potatoes, which later on turned out to be big business. Now Mira deals with the harvest of potatoes and sells them in the market. Her revenue is 3,450 KGS ($80) and she gets a pension of about 716 KGS ($16). She is planning to provide education for her son and to buy a house.
Mira decided to buy 500kg of potatoes with the loan which she wants to obtain from Mol Bulak Finance.
Anarkul K. is a forty-seven-year-old married woman with three children. Her eldest daughter is a student and the rest are schoolboys. Her husband is a driver for a company and earns 8,000 KGS ($180). She makes national items and sells them. She started her business with 2,000 KGS ($45) and her revenue is now 4,000 KGS ($90). She plans to provide education for her children, marry off her eldest son and finish building a shed. She wants to obtain a loan for sowing wheat.
Kurmanbubu T. is a fifty-year-old woman who is married and has a daughter. Her husband works for a company and his salary is from 3,000 KGS ($70) to 7,000 KGS ($160). She makes national items to sell and her profit is 2,000 KGS ($45) per month. She wants to obtain a loan to buy materials for making more items.
Aynura S. is a thirty-seven-year-old married woman. She has a husband and two children. Her husband is a worker and earns 15,000 KGS ($340) in the summer. She has a shop where she sells daily foodstuffs and her revenue is 10,000 KGS ($227) per month. By obtaining a loan she wants to buy a refrigerator for ice cream.
--- 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