Azizahon has been cultivating fruits and vegetables and breeding cattle for twenty-one years. When the other members of the family are free, they help her with these activities. By selling some fruits and vegetables, and sometimes cattle, she makes 2,500 soms (approximately 54 USD) per month. Now she wants to obtain a loan to purchase more farm animals for breeding and fattening. In the future, she plans to build a new house and purchase a vehicle.
Nazhimidin M. is 52 and has two sons and a daughter: his daughter works as a teacher at the school; his older son works in construction; and the second son went to Russia to work to make some money. Nazhimidin and his wife breed cattle; they started this activity twenty years ago with the initial investment of 1,800 soms (approximately 39 USD) and now, by selling some cattle after fattening, they make 2,500 soms (approximately 54 USD) a month. Nazhimidin applied for the loan, because he needs money to purchase a bull-calf for breeding. In the future he plans to build a new house and purchase a vehicle.
Sobirahon M. is 49 and her husband works as a private driver. They have two daughters and a son: the older son went to Russia to work to make some money and the daughters are students. Seventeen years ago, with the initial investment of 4,500 soms (approximately 97 USD), Sobirahon bought cattle and, from that time, she started to breed and sell them after fattening. In this way she makes 3,000 soms (approximately 65 USD) per month. With the money received from this loan, Sobirahon wants to purchase a cow for breeding.
Holidahon A. is 25 and is the treasurer of the group. Her husband works as a baker and they have a daughter and a son, both of whom go to school. Holidahon has a piece of land where she cultivates potatoes, rice and corn. With the money received from the loan she wants to pay for tractor services and buy fertilizer for her farm. In the future, Holidahon plans to open a kiosk and sell convenience goods.
--- 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-Ps concept - People (building human capital and taking care of its customers and the society as well), Profit (to be profitable in order 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: 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 www.kiva.org/team/kyrgyzstan. Members will get special updates and news from the Kiva Fellows in Kyrgyzstan and from 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