Anarbiubiu A. is the treasurer of the group. She is forty-two and married. She has four children: her daughters are twenty-three, twenty-two and eighteen, and her son is three years old. She is applying for a loan in order to buy furniture for her house.
Elvira A. is twenty-eight and married. She has five children: her daughters are ten, eight and six years old and her sons are three and six months. All her daughters go to school. Two years ago, she started cattle breeding with the 10,000 KGS she obtained through the sale of vegetables from their vegetable garden. Now, they have increased their cattle number to five. Also, on the profits from cattle breeding they have started the construction of their own five-room house. They are applying for a loan in order to buy construction materials for their house so as to finish it before the winter period. Then, she will repay this loan with the help of profits from cattle breeding.
Ainagul A. is fifty-five and married. She has six children: her daughters are thirty-seven, thirty-six and eighteen and her sons are twenty-six, fifteen and five years old. Her first daughter is involved in agriculture, her second daughter is a seamstress, and her oldest son owns his business. The other children go to school. She is applying for a loan in order to buy solar oil for harvesting crops.
Zhamiyla M., 51, is married. She has three daughters and three sons. The daughters are married and live separately with their families and the sons are working. Zhamiyla and her husband are farmers. In 1995, when the collective farms broke up, they got a piece of land and since then Zhamiyla and her husband have been cultivating various fruits and vegetables. With money received from the loan she wants to purchase fuel for farming.
--- 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