In order to make money, Aikul’s husband works as a constructor in Bishkek and Aikul is engaged in cattle breeding. She started this activity 13 years ago with the initial investment of 7,000 soms and now, selling some cattle after fattening, she makes 1,000 soms per month. With money received from the loan, Aikul wants to purchase cattle for breeding. In the future, she plans to increase the number of cattle she has and save money to contribute to her son’s wedding.
Kunsulu A. is the treasurer of the group. She is 46 and married. She has a son; he is 24 and works as a waiter in a restaurant. Kunsulu works as a cook at school and her husband is engaged in cattle breeding. Kunsulu and her husband started to breed cattle 15 years ago with the initial investment of 9,000 soms and now they make 2,700 soms per month. With money received from the loan, Kunsulu wants to purchase a calf for breeding. In the future, she wants to purchase a vehicle.
Ernis N., 50, is married. He has two sons; both of them are working. In order to make money, Ernis provides welding services and his wife works as a cashier at school. Ten years ago, with the initial investment of 2,000 soms, Ernis started to breed cattle and resell it with a higher price. In this way, he makes 1,200 soms per month. He applied for the loan because he wants to purchase two calves for breeding. In the future, he wants to see his sons wed and to build a house for his first son.
Guljan T., 50, is married. She has two sons; the older son works as a waiter in a restaurant and the second is a student. With money received from the loan she wants to purchase two calves for breeding.
Gulnariya A., 44, is a widow. She has raised two sons and a daughter. The older son provides car-repair services, the second is a farmer, and the daughter studies at school. Gulnariya works at school and in order to make money, she also breeds cattle. She has been doing it for 15 years. She applied for the loan because she needs money to purchase a calf for breeding.
Nurjamal A., 52, is married. She has a son and a daughter. The son works in construction and the daughter studies at school. In order to make money, Nurjamal works as a cleaner at school and her husband is engaged in cattle breeding. He started to breed cattle six years ago with the initial investment of 9,000 soms and now he makes 1,000 soms per month. With money received from the loan, Nurjamal wants to purchase a calf to increase the number of cattle.
--- Where Did This Loan Come From? ---
This loan is brought to you by Mol Bulak Finance (MBF), a young, ambitious and socially-focused Microfinance Institution in Kyrgyzstan. MBF is strongly committed to the principles of sustainable development and upholds the triple "P" 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). MBF is the only Microfinance Institute in Kyrgyzstan that delivers its services to customers 365 days a year. To learn more about MBF 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 MBF 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