Sairagul M. is the treasurer of the group. She is thirty-two and married. She has three children: her son is fifteen and her daughters are twelve and six years old. All of them got to school. Her husband is a builder. Sairagul is a school teacher. Together with her husband, she started cattle breeding from a purchase of cattle with the first salary of her husband. Now, they have been almost four years in cattle breeding and they have significantly increased their herd. Now, they make at least 1000 soms each month on cattle breeding. They are applying for a loan in order to make capital repairs to their house before the winter period. In the future, with the profits from cattle breeding, they are planning to expand their herd as much as possible.
Nuriila R. is thirty-eight and married. She has four children. Her eldest child got married and lives independently. Her younger three children go to school and live with her. She is a teacher of Russian language and Literature at the local school. Her husband breeds cattle. They started cattle breeding with the help of a loan in the amount of 5000 soms. From that moment, they have significantly increased their herd. They have already been in the cattle breeding business for seven years. They are applying for a loan in order to pay for their son’s education.
Aidai Z. is thirty-nine and a widow. She has three children. Her elderst child got married and lives independently. Her younger children live with her. They go to school. She is a teacher at the local school. She combines her job as a teacher with cattle breeding. She started cattle breeding fifteen years ago with her husband using money from his salary in the amount of 3000 soms. Now, she is applying for a loan in order to buy cattle for fattening. In the future, she is planning to build a house and buy a car for her 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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Success!! The loan was 100% repaid