Ushunbaeva A. is the treasurer of the group. She's 40 years old and is married with a 22-year-old daughter and a 20-year-old son both of whom are students. A.'s husband always helps her with housework. A. and her husband are engaged in cattle breeding and milk sales. Twenty years ago, they acquired livestock through inheritance so thanks to this, they earn 8200 soms ($175.96) per month and could pay for their children's education. A. wants to take out a loan to purchase fuel and seed potatoes. In future, they wish to buy a car.
Algozhoev R. is 42 years old and is married. He has a daughter and a son. His daughter is eight and studies at school while his son is preschool age. R. and his wife have been engaged in cattle breeding for 20 years. The initial amount of their activity was 18000 soms ($386.26), and from this money they bought a cow. As a result they make 9000 soms ($193.13) per month. They also bought home furniture and built a shed. So, now R. wants to take out a loan to buy fuel which is needed for the sowing process. In future, he plans to buy a car.
Djumalieva A. is 38 years old, is married and has raised three daughters. The older daughter is married, the others study at school. When the children have free time, they help A. with housework. A.'s husband works as a tractor driver. He's also engaged in cattle breeding. Twenty years ago, having an initial amount of 16000 soms, they bought a cow. So their monthly income is 14800 soms ($317.60). Thanks to this, they bought a vehicle and paid for their daughter to be married. Now they need a loan to purchase fuel and seed potatoes.
Isakova C. is 53 years old and is married. She has three sons and a daughter. The older son is married and lives separately with his family, the second son works as a tractor driver and the younger one helps C. at home. The daughter is 19 years old and works in Bishkek. C. and her husband are engaged in cattle breeding. Several years ago they took out a loan of 18000 soms ($386.26) with which they bought a cow. As a result, they make 5900 soms ($126.60) per month. So, now C. wants to take out a loan to buy fuel, which is needed for farming. In future, she plans to build a house, to purchase a vehicle and to pay for her sons to marry.
--- 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 which 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