Busora Z., the treasurer of the group, is 36 and married to a truck driver who transports goods. They have four children, all but the youngest attending school. To make money, Busora, assisted by her husband, grows tobacco and a variety of fruits and vegetables, earning 3000 soms ($65.28) per month. With money received from the loan, she plans to purchase a cow for breeding.
Irsalat E. is 33 and married to a private driver. Eight years ago with an initial investment of 3500 soms ($76.17), Irsalat bought two sheep and sold a cow. In this way she makes money to improve their living conditions. Irsalat want to get a loan to purchase a calf for breeding.
Aminzhon S., 36 and married, has two children, both students. Aminzhon with his wife have been cultivating tobacco for 12 years, thereby earning money to improve their living conditions. Aminzhon sells two tons of tobacco a year and now needs a loan to purchase fertilizers for farming. In the future he plans to buy a truck and expand his business.
--- 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