Zhumabubu T. is the treasurer of the group. She is 59 and married. Zhumabubu and her husband are pensioners. They have seven children. The youngest son lives with them. The other children are married and live separately. Zhumabubu has been selling eggs for five years. She started her business with 500 soms ($10.91) and now she makes 2,500 soms ($54.58) a month. They need a loan to purchase chickens.
Ainura B. is 30 and married. She has a nine-year-old daughter who studies in school. Ainura is a chef's assistant and her husband works as a builder. With the money received from loan, they will buy household appliances. In the future, Ainura wishes to buy a flat.
Zhyldyz K. is 39 and married. Her husband is a taxi driver. They have three children and all of them study in school. Zhyldyz works as a chef. She and her husband are also engaged in farming. They started this activity 20 years ago, with an initial investment of 2,000 soms ($43.66). Selling different fruits and vegetables, they make and additional 10,000 soms ($218.34) per month. Now they need a loan to purchase fuel and different seeds needed for farming.
--- 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