Nurzhamal S. is the treasurer of the group. She is 44 years old and married. She has a daughter who is 16 years old. Her daughter goes to school. Her husband works in Russia. She is a farmer. She started farming seven years ago with an initial investment of 7,000 KGS spent on sowing sunflowers. Now, she earns 5,000 KGS monthly. She decided to start breeding cattle. She is applying for a loan in order to purchase cattle for breeding. In the future, she plans to build a house.
Shazada M. is 50 years old and married. Her husband is retired, and his monthly retirement allowance is 2,500 KGS. Her daughter is 17 and enrolled in an institution of higher education. She farms sunflowers and rice. She started farming ten years ago with an initial investment of 2,000 KGS. Her monthly income is 5,000 KGS. She is applying for a loan in order to purchase cattle and start breeding them. In the future, she is planning to build a house and purchase furniture for it.
Aiymkan B. is 62 years old and a widow. She has two sons who are 26 and 24 years old. Her older son works in Russia, and her younger son is a trader. She grows rice and sunflowers. Her younger son helps Aiymkan with the farming work in his free time. Three years ago she started farming with an initial investment of 2,000 KGS. Her current income is 5,000 KGS. She is applying for a loan in order to purchase cattle to start breeding them.
--- 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 (remaining environmentally friendly) and Profit (earning revenue to expand autonomously). MBF is the only microfinance institution 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