Gulbaira K., 48, is married. She has a son and a daughter; the son is a private entrepreneur and the daughter is of preschool age (under 7). Gulbaira and her husband are engaged in cattle breeding; they started this activity two years ago with an initial investment of 20,000 soms. They bought a cow and then after a month that cow was resold at the higher price (30,000 soms). With money received from the loan, Gulbaira wants to purchase cattle for breeding and some part of the loan she will spend to purchase hay.
Guljan I., 54, is married. Her husband works as a teacher at school and Guljan is engaged in livestock breeding. She applied for the loan because she needs money to purchase farm animals in order to increase the number of livestock. In the future she wants to improve her living conditions.
Roza M. is the treasurer of the group. She is 45 and married. She has two sons and a daughter; the first son studies at university, the second is at school and the daughter is of preschool age (under 7). Roza is engaged in cattle breeding and her husband works as an electrician. In 2009, Roza bought a bull for 8,000 soms and then, after fattening it, resold it for 11,000 soms. And since then she has been breeding cattle. With money received from the loan she wants to purchase farm animals in order to increase the number of cattle. In the future, she wants to expand her business activity and provide her children with a good 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