Inabat owns a piece of land on which she cultivates fruits and vegetables. She also breeds cattle and sells milk. She has been doing this for eighteen years and in this way she makes 5,000 soms per month. With money received from the loan she wants to purchase fertilizer for her farming activity.
In the future Inabat plans to repair her house and save some money to contribute to her son’s wedding.
Abdurahman S., 45, is married. He works as a security guard and his wife works as a cleaner at a school. They have two daughters and a son: the older daughter studies at school but the others are not yet old enough. In order to make money Abdurahman also breeds cattle which he has been doing for twenty years. By selling some animals after fattening, he makes him 3,000 soms per month. Now he has applied for the loan because he needs money to purchase a calf to raise.
Inoyathon A., 36, is divorced. Five years ago, with an initial investment of 7,000 soms, she started to breed cattle. By selling some cattle after fattening, she makes 3,000 soms per month. With the money received from the loan she wants to purchase a cow for breeding. In the future she plans to repair her house.
Aitbu S., 45, is divorced. She has raised two sons: the first son went to Russia to work to earn some money and the second works in the factory in Bishkek. Aitbu works as a nurse and receives 2,500 soms per month. She also has a piece of land where she cultivates corn. By selling the harvest, she makes 5,000 soms per month. With the money received from the loan she plans to purchase fertilizer for her farming activity. In the future she wants to purchase a plot of land and build a new house for her son.
Mahsadhan S. is the treasurer of the group. She is 46, a widow, and she has a son and a daughter. The son went to Russia to work to earn some money and the daughter helps at home with housework. Mahsadhan works as a nurse in the hospital and receives 2,500 soms per month. Ten years ago, with an initial investment of 2,000 soms, she began to breed cattle. By selling some cattle after fattening, she makes 3,000 soms per month. With the money received from the loan she wants to purchase a cow.
--- 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