Ainakul is a mother of three children. All the children go to school. Her eldest son is fifteen. After school, he helps his parents look after the cattle. However, Ainakul tries not to burden her children with anything concerning housework as she believes that her children should be spared of all that to have more free time for studies. Ainakul is forty-five years old and feels herself in sufficiently good health and does not feel tiredness until evening. Now they are feeding a calf which they bought for $230. Ainakul’s dream is to give her children good education, help them get on their feet and improve her family’s living conditions. Her husband is currently a member of a farm and also works as a procurement manager of a high school. Now Ainakul needs a loan to buy four sheep for feeding and resale.
Ainakul’s partners are:
Burul S., 57, is the wife of a school worker. She has a sixteen-year-old daughter. Burul is busy with cattle that they keep at home. Burul has applied for this loan to buy more cattle.
Nazgul A., 34, is the wife of a computer science and math teacher. Nazgul has three little children and currently does not work as she has to look after the kids. Now they keep three calves and need a loan to buy some sheep.
Aibek K., 23, is married. His wife goes to college, and Aibek has to provide for both of them. Aibek works at school and wants to start a new business as an additional source of income. He hopes to obtain this loan and buy sheep for feeding. His wife will help him.
--- 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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Success!! The loan was 100% repaid