Buaihan M., 42 and married, is the group's treasurer. She has three children: a daughter, 17, a son, 12, and another daughter, 7. Her husband works in Russia, while her children study in the U.S. For eight years, Buaihan has bred cattle and sold milk, having started the business with the purchase of a cow for 8000 soms. She now earns a monthly income of 3500 soms. Buaihan is requesting a loan to buy more cattle to continue cattle breeding. With the additional profits, she is planning to increase her number of cattle.
Abdyldabek A., 39 and married, has five children: his daughter is 18 and his sons are 16, 14, 9 years old, and 11 months. His daughter works in Russia, while his three elder sons go to school and the youngest son is at home. Abdyldabek breeds cattle and sells milk, assisted by his elder sons. Six years ago, he bought a milk cow for 5000 soms and since then has increased his number of cattle. Abdyldabek now makes 8000 soms each month, and he is applying for loan in order to buy forage for cattle for the winter period.
Asilbek B., 46 and married, has three children: his sons are 14 and 8, and his daughter is 13, and they are all are studying in the U.S. Asilbek started his business three years ago with an initial investment of 500 soms. He makes national items (for example: national souvenirs) and earns 2000 soms monthly. His profits will allow him to start construction of his house. He is now requesting a loan to buy chickens for breeding, the profits from which will allow him to improve the living conditions of his family.
--- 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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