Alagush has four partners, all of whom work in a lab at a veterinary clinic (among other things):
Kuliypa A., 55, lives by herself and has a cattle-breeding business. All her children are married. Her younger son helps her with her business which she started five years ago with 2,000 KGS and now makes 3,000 KGS per month. Her first achievement was that she was able to contribute money for her son's wedding. Now she is asking for a loan to buy three calves. She is planning that the calves will graze in the mountains until August.
Gulnara A., 43, works in a veterinary clinic. She is a widow and has four daughters ranging from ages 12 to 19. She plans to use the loan to pay for medical expenses for one of her daughters .
Damira Z. wants to use the loan to buy furniture for her home. She is 55 and married, Her husband used to work on a collective farm but when the collectives broke down, he started breeding cattle. They started this seven years ago with an initial investment of 5,000 KGS. Now they make 4,000 KGS per month and with this profit, they were able to build a house. Damira has one son who is 20 years old and currently at college.
Ainagul A., 58, has a daughter who is a student. Ainagul's husband is retired, so Ainagul and her husband breed cattle to make money. They have been doing this for six years, starting with an initial investment of 3,000 KGS. Now they earn 3,000 KGS per month. With the money received from the loan, Ainagul would like to pay for national mandatory military training.
--- 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