Dilmuradzhon K. is 40. He breeds cattle to make money. He started this activity ten years ago by saving some money and purchasing a calf. Now he has two cows, a calf and seven sheep. Having sold some cattle, he started to build his house. His wife also makes money by cooking for students and selling food near a school. They have two sons and a daughter and all of them study at school. Dilmuradzhon applied for the loan, because he needs money to purchase two calves and increase the number of cattle.
Adalathan A. is 54. She has a parcel of land where she grows rice. Her husband helps her with this activity. They have been doing it since 1992. Adalathan annually grows 1500 kilograms of rice and sells it for 70 soms per kilogram. In this way, she makes 8750 soms ($189.72) per month. Adalathan has three daughters and two sons. The younger son is 22. He helps his parents with housework and the other children are married and live separately with their families. With money received from the loan, Adalathon plans to purchase various seeds and fertilizers for farming. In the future, she plans to save some money to contribute to her son’s wedding and build a new house for him.
Dilbarhan Z. is treasurer of the group. She is 38. Dilbarhon and her husband grow rice and make money by selling it. They grow 700 kilograms of rice a year and the price is 70 soms per kilogram. In this way, Dilbarhon makes 4080 soms ($88.46) per month. There are five children in their family: four sons and a daughter. The older sons and a daughter work in Bishkek in a sewing workshop and the other children study at school. When the children are free, they help their parents with the business. Dilbarhon hopes to get a loan and with that money, she wants to purchase 50 hectares of land for farming.
--- Where Did This Loan Come From? ---
This loan is brought to you by Mol Bulak Finance, a young, ambitious and socially-focused MFI in Kyrgyzstan.
Mol Bulak Finance is strongly committed to the principles of sustainable development and upholds the triple bottom line – People (building human capital and taking care of its customers as well as society), Planet (keeping environmentally friendly) and Profit (earning revenue to expand autonomously). Mol Bulak is 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 microfinance in Central Asia, please join our Lending Team - Supporters of Kyrgyzstan – Mol Bulak Finance at http://kiva.org/team/kyrgyzstan. Members will get special updates and news from Kiva Fellows in Kyrgyzstan and from the Mol Bulak Finance 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