In 2008, with the initial investment of 12,000 soms, Aitbubu bought eight farm animals and started to breed livestock. Now she has fifteen farm animals and, selling some of them after fattening, she makes 8,000 soms per month.
With money received from the loan Aitbubu wants to purchase seven farm animals for breeding. In the future she plans to open a pharmacy.
Talantbek M., 39, is married and has four children: two sons and his older daughter are students and his second daughter is not yet in school. Eight years ago, with the initial investment of 2,000 soms, Talantbek bought three farm animals and started to breed livestock. Now he has eight farm animals and, selling some of them at a higher price after fattening, Talantbek makes 7,000 soms per month. He applied for the loan because he needs money to purchase ten sheep in order to increase the number of his livestock.
Parida M. is the treasurer of the group; she is 43 and divorced with four children. In order to make money, two years ago she started to breed livestock. She started with an initial investment of 1,600 soms and, with that money, she bought two farm animals. In two years, she has increased the number of her livestock to ten and now, selling some livestock at a higher price after fattening, she makes 6,000 soms per month. With the money received from the loan she wants to purchase four farm animals in order to increase the number of her livestock. In the future she plans to save some money and start building a house for her children.
Uulkyz K., 41, is married; her husband is an artist. They have two sons and a daughter: the first son and the daughter are students and the second son is not yet in school. In 2001, with an initial investment of 7,000 soms, Uulkyz bought a calf and started to breed livestock. Now she has nine farm animals and, selling some of them at a higher price after fattening, she makes 10,000 soms per month. She applied for the loan because she needs money to purchase five farm animals in order to increase the number of her livestock. In the future she plans to open a poultry farm.
--- 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