Yrysbu U. is the leader of this group. She has raised four children. Her eldest daughter is 35. When she realized that her own country had little to offer in her youth, she decided to try her chances in Russia. Now she is working in Russia as a saleswoman. Yrysbu’s middle son, who is 30, also made up his mind to work in Russia. He is working in a clothing factory. Her second son, 27, works as a security guard in the biggest Kyrgyzstan market. Her younger daughter got married and now she is a housewife. As for Yrysbu’s husband, he is an actor. He works in the Naryn theater. Yrysbu raises cattle. Her son and daughter help her look after the cattle, so this activity does not present significant difficulties for Yrysbu. Eight years ago, Yrysbu bought a cow and since then has been striving to increase her cattle population. Yrysbu needs a loan to purchase sheep. She plans to save her earnings to help her grandchildren in the future. Her dream is to buy each grandchild a flat and a car.
Gulnara A., 45, is the mother of three sons. Gulnara combines two jobs. Apart from a regular job, she also breeds cattle. Gulnara hopes to obtain this loan and buy three sheep.
Jidekul T., 62, is retired. She keeps cows and sells milk. Jidekul needs this loan to buy one more cow to increase her income.
Jypargul O., 33, has a son. She works in a small factory producing sausages. Jypargul hopes to obtain this loan to buy a calf, feed it and sell it. She will use the money earned to prepare her children for school.
Aimkan A., 37, has two children. She works as an accountant and also raises cattle. Aimkan sells milk and thus has an extra source of income. Aimkan has applied for this loan to buy a calf for feeding.
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 3-Ps concept – People (building human capital and taking care of its customers and the society as well), Profit (to be profitable 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: http://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 - Mol Bulak Finance at http://kiva.org/team/kyrgyzstan. Members will get special updates and news from the Kiva Fellows in Kyrgyzstan and 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