Burmabubu has been farming, fattening and reselling cattle for 30 years. Her husband helps her in this activity, even though teaching takes up most of his time. In this way they are able to make an additional 1700 soms ($37) a month. This made it possible for Burmabubu to build a house and contribute to the marriage of her daughters. With the loan, she will buy calves to increase the number of their cattle. In the future, Burmabubu plans to save money and contribute to her sons' weddings.
Damira B. is 59 and is married. She has three sons and three daughters. In order to make money, Damira and her husband have been fattening and reselling cattle for 30 years. In this way, they earn 6,000 soms ($130.74) per month. Damira started this business activity with an initial investment of 2,800 soms ($61). Now she is applying for a loan to purchase calves.
Dariya K. is 41 and is divorced. She has four sons. The younger son works in Bishkek while the others help Dariya with housework. In order to make money, Dariya fattens and resells cattle. She also sells milk. She makes 11,700 soms ($254.96) a month. Dariya wants to get a loan to purchase sheep to increase the number of livestock.
Orozgul M. is 47 and is married. She has two daughters and a son. The older daughter works in Bishkek while the others are students. 30 years ago, Orozgul inherited a cow. Therefore she sells milk and resells cattle. She makes 3,000 soms ($65.37) a month. With the loan, Orozgul plans to buy cement for the construction of the shed.
--- 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