Asankadyrova C., 36 years old, has two daughters and a son, two in school and one of preschool age. Her husband works in construction, and in winter he's engaged in buying and reselling cattle. Four years ago, C. sold her pavilion and with the initial amount of 60000 soms ($1307.47) she began her business activity, buying 2 head of cattle, 25 sheep, and a house. A loan is now requested to purchase a heifer and two sheep, which will be sold after fattening.
Bekturova Z. is the treasurer of the group. She's 49 and has raised two children a daughter and a son. Her daughter is a pupil, and the son helps her in selling the cattle. Z.'s husband works as a security guard, earning 5500 soms ($119.85) per month. Z. is requesting a loan to purchase two heifers in order to increase their livestock.
Ryskulov S. is 44, married, and has a 4-year-old daughter. Within the month his wife will begin to sell fruits and vegetables in the market. S. and his friend work in the market too, selling vegetables and earning 5000 soms ($108.95) per month. With the money received from the loan, Syrpay plans to purchase hosiery and children's clothes in order to resell them. In the future he wishes to increase the turnover, install a new gate at home and purchase a container.
--- 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 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 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