Dinar K. is 40 and married. She has three daughters and a son. The older daughter studies in college in Bishkek and the other children go to school. Dinar and her husband have been breeding cattle and cultivating fruits and vegetables since 1994. With money received from this loan, she will purchase 150 liters of fuel which is needed for sowing for the summer season.
Mira S. is 32 and married. She has a daughter and a son. Both of them study at school. Mira and her husband have been breeding cattle and cultivating fruits and vegetables since 1994. In this way, they make money to improve their living conditions. Mira applied for a loan because she needs money to pay the tractor driver for his services and to purchase 200 liters of fuel for farming.
Dinara Z. is the treasurer of the group. She is 41 and married. She has three daughters; all of them go to school. Dinara and her husband have been breeding cattle and cultivating fruits and vegetables for 16 years. In this way, they made some money to repair their house. Now Dinara needs a loan to purchase 150 liters of fuel which is needed for the sowing process.
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 the 3 P's 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