Altyngul T. is forty five and is the mother of four children. To provide for the family Altyngul’s husband works as a taxi driver. Altyngul also prefers to be occupied with something, so, using her skill of cooking delicious food, she has been cooking meals for sale in a small café. The meals she makes range from traditional to European and Oriental kitchens.
During the past several years, Altyngul and her husband have worked hard and managed to buy a car and furnish their special kitchen/café, where Altyngul works. Now her monthly income is around 220 USD.
Altyngul has raised good children: her eldest daughter is married while her two sons are helping her fetch the foodstuffs and prepare ingredients. Her little son goes to middle school.
Altyngul has decided to apply for this loan as she needs money to buy flour, meat, sugar, olive oil and many other things needed for cooking. She knows that her business will grow even faster if she can invest in it a significant amount of funds to improve the design and interiors.
Aijamal S., 31, is divorced and has an eight-year-old daughter. To provide for her small family she works as a bartender in a café. She needs this loan to buy a vacuum cleaner.
Sabira K., 51, is a widow and has raised three daughters, all of whom are married and live separately. She needs this loan to buy a vacuum cleaner and an electric oven.
Chynar A., 38, is a widow who has raised a daughter and two sons. The older son provides tractor services and earns 10,000 soms (approximately 217 USD) per month and the other children are students. Nine years ago Chynar, with an initial investment of 2,000 soms (approximately 43 USD) began to sell meat and, in this way, she earns 10,000 soms per month. With the money received from the loan, she wants to increase the turnover of her 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 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