Aigul T., the leader of this group, is forty-three years old and is divorced. She has a daughter who has turned twenty-one and who works in a private company, obtaining a salary of $60.
Aigul trades in vegetables at the market and her income is somewhere around $175 a month. During summertime her daughter helps her in the business. Aigul started selling vegetables fifteen years ago. During this time she has been able to buy a two-room flat (apartment) and see her daughter married.
Aigul wants to expand her assortment of vegetables and therefore decided to apply for this loan. One of her future plans is to send her daughter to college.
Aigul’s partners are:
Cholpon O., 41, is the mother of two children, both of whom go to school. Her husband is retired and receives a pension. She works as a teacher and also trades in cosmetics, selling to her colleagues at school. She needs a loan to increase her turnover.
Damira A., 41, has four daughters. Her husband provides welding services while Damira stays at home with a child. She and her husband have been able to buy a house, even though their salaries are not so high. Now Damira needs a loan to buy a circular.
Juma M., 51, is a taxi-driver. He manages to earn two to three dollars a day. His spouse is a housewife and they have two children. His elder son is also a driver, working in the capital. Juma needs a loan, as he plans to buy a battery.
--- 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