Zhananhon S., 45, is married and has a daughter and two sons. One son works in construction with his dad, the other is engaged in farming, and her daughter studies at school. Zhananhon has been growing corn and sunflowers since 1995. With money received from the loan she wants to purchase mineral fertilizers for her farm. In the future she plans to purchase a piece of land and start building a house for her son.
Ruslanbek A., 48, is married with a daughter and a son, both of whom are at school. Ruslandbek grows corn while his wife works as a cleaner at a school. Ruslanbek makes 3600 KGS per month through his corn. With money received from the loan he wants to purchase fertilizer and hire labor for sowing his field. In the future he wants to provide his children with a good education.
Turganbubu M. is the treasurer of the group. She is 44 and married with three daughters and a son. Her oldest daughter studies at university, her second daughter and her son are at school, and her youngest daughter, under seven years old, is preschool age. Turganbubu is a baker who earns 6000 KGS per month. Her husband works in construction, making 4000 KGS a month. With money received from the loan Turganbubu wants to purchase flour for baking bread. In the future she wants to build a house for her son.
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