A year ago, with an initial investment of 20,000 soms Mahpuza started to take orders and prepare cakes and cookies. In this way she earns 5,000 soms per month. Her husband works as a driver and his monthly salary is 5,000 soms.
Mahpuza applied for the loan because she needs money to purchase an oven for baking cakes. In the future she wants to expand her business and open a big store.
The other members are:
Dilabzahon H. is the treasurer of the group. She is 37 and married with a son and two daughters, all of them in school. Her husband is a private entrepreneur: several years ago he saved money and purchased welding equipment to provide welding services. He also resells metal. In this way he makes 5,000 soms per month. With money received from the loan Dilabzahon and her husband want to purchase more materials needed to provide welding services. In the future she plans to start repairing her house.
Nargizahon M., 28, is married with a son and two daughters. Her daughters are at school but her son is not yet old enough. Five years ago, with an initial investment of 10,000 soms, Nargizahon rented a place and started to sell convenience goods and cosmetics. But then, because of family reasons, she stopped her business. Now, she has started to breed livestock. With money received from the loan she wants to purchase a sheep to increase the number of her livestock. The rest of the money she will use to restart her previous business activity.
Mohirahon S., 59, is married with a son who is 31 and works as a welder. Mohirahon and her husband are farmers. They breed livestock and cultivate different fruits and vegetables. With money received from the loan Mohirahon wants to purchase sheep for breeding and mineral fertilizer for her farm. In the future she plans to start repairing her house.
--- Where Did This Loan Come From? ---
This loan is brought to you by Mol Bulak Finance, a young and ambitious socially-focused MFI in Kyrgyzstan.
Mol Bulak Finance is strongly committed to the principles of sustainable development on the basis of the 3-Ps concept - People (building human capital and taking care of its customers and the society as well), Profit (to be profitable in order to grow further) and the Planet (taking care of the environment). It is also the only MFI in Kyrgyzstan that delivers its services to customers 365 days a year. To learn more about Mol Bulak and view a video presentation about the organization, please visit: www.kiva.org/about/aboutPartner?id=135.
If you would like to support and learn more about Kyrgyzstan and micro-finance in Central Asia, please join our Lending Team - Supporters of Kyrgyzstan - at www.kiva.org/team/kyrgyzstan. Members will get special updates and news from the Kiva Fellows in Kyrgyzstan and from Mol Bulak 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