Zina works in a pharmacy and her husband is a tractor driver. A year ago the husband’s sister suggested that Zina should open a pharmacy, and with an initial investment of 10,000 soms she started her business activity. With money received from the loan, Zina wants to purchase a variety of medicines in order to increase the turnover of her business. In the future she plans to expand her business, contribute some money to her older son’s wedding, and save money to be able to pay for her children’s education.
Dokturkan T., 53, is married. She has two sons and two daughters. The older son went to work to Russia to earn some money, two daughters are married and live separately with their families, and the youngest son studies at university. A year ago with the initial investment of 10,000 soms Dokturkan purchased nine sheep for breeding. Selling some sheep after fattening, she makes 3000 soms per month. With money received from the loan Dokturkan wants to increase the number of her livestock and purchase five more sheep.
Sabyrkul E. is the treasurer of the group. She is 50 and married. She has three sons and two daughters. The sons study at university and the daughters are at school. Sabyrkul works in a pharmacy and her husband is a private driver. In order to cover the family expenses, Sabyrkul and her husband started to breed cattle. Selling some cattle after fattening, they make 5000 soms per month. With money received from the loan Sabyrkul wants to purchase two bulls in order to increase the number of cattle she has. In the future she plans to build a bigger house and purchase a vehicle.
Guluipa K. is 45 and married. She has three sons and a daughter. The oldest son went away to work in Russia; the other two sons are at school and the daughter is not yet. A year ago Guluipa got a loan in the amount of 5000 soms and started to breed livestock. And now selling some sheep after fattening, she makes 3000 soms per month. With money received from the loan she wants to purchase five more sheep for breeding. In the future she plans to increase the number of livestock, purchase a vehicle, and save some money to be able to pay for her children’s education.
--- 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 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