Chinar T. is forty-two years old and married. She has seven children: four daughters and three sons. Her elder two sons breed cattle and the other children go to school. Her husband and her sons are buying, fattening and reselling cattle at a higher price. Her husband started his cattle breeding business ten years ago with an initial investment of 10,000 KGS. He has bred cattle since he was a child. Due to the successful functioning of their business, her husband provides for all the members of the family, and they built a new house and bought a car.
Kunduz K. is twenty-seven and married. She has a son who is four years old. Her husband combines farming and cattle breeding. In 2004, her husband bought cattle for 10,000 KGS. Since that time he has bred cattle. Also during appropriate seasons he farms. Right now, he is planting wheat and barley. They have already achieved good results, and with the help of the profits received they provide for all their family members. She is applying for a loan in order to buy more cattle for breeding. They are planning to expand both in cattle breeding and in agriculture but they need support in the form of a loan for the purchase of more cattle.
Kenzhegul T. is thirty-three and married. She has four daughters who are fifteen, thirteen, seven and five years old. Her husband combines his work as a taxi driver and cattle breeding. They started cattle breeding ten years ago with an initial investment of 5,000 KGS. The work of cattle breeding is done by her husband because he has bred cattle since he was a child. They have greatly increased their number of cattle. Now, they are applying for a loan in order to get money for the purchase of additional cattle. This would give them an opportunity to grow and expand their cattle breeding business.
--- 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