Meilikan farms and sells barley. She started farming barley two years ago in accordance with a decision taken by Meilikan and her husband. She started with an initial investment of 1,500 soms and she makes 3,000 soms monthly. With the profits from farming, she was able to buy cattle. So, now she also breeds cattle. She is applying for a loan in order to buy more cattle and one ton of cement to build the foundation for her house. In the future, she is planning to continue construction of her house.
Suiumkan D. is treasurer of the group. She is twenty-three and divorced. She also breeds cattle. Three years ago, she bought a calf for 12,000 soms and started breeding cattle. She plans to increase her turnover so she is applying for a loan. With the help of the loan she will buy cattle and continue cattle breeding. With the profits from cattle breeding, she plans to build a house. She is pregnant.
Asanbai D. is sixty-two and married. He has seven children: his sons are twenty-six, twenty-three, twenty-two and his daughters are twenty, twelve and eleven years old. His elder children are sellers and his youngest two daughters go to school. Asanbai is a farmer and breeds cattle. Eighteen years ago, he decided to start cattle breeding and farming with an initial investment of 1,500 soms. His current monthly income from cattle breeding and farming is 3,000 soms. With the profits from cattle breeding, he was able to make capital repairs at his house and buy a car. He is applying for a loan in order to have sufficient funds to finance cultivating crops. With the profits from farming and cattle breeding, he is planning to marry off his sons and build a house.
Akdana A. is twenty-seven and married. She has six children: her sons are eight and seven years old and 4 months; her daughters are five and four years old. Her two elder sons go to school, while the others are still at home. Her husband is a mullah. Akdana breeds cattle. Four years ago, after she married, she started cattle breeding with an initial investment of 2,000 soms. Now, cattle breeding brings her 1,500 som monthly. She is applying for a loan to buy cattle to increase her turnover and her profits. With the profits from cattle breeding, she has already bought a house and furniture. In the future, she is planning to spend the profits from cattle breeding on providing higher education to her children and improving the family's living conditions.
--- 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