Aishahon A., age 51, is the treasurer of the group. She is married with three grown sons who work in construction. Her husband is a welder. Aishahon applied for the loan because she needs to contribute to her son’s wedding.
Ibaydila A., 63, is married with three sons. The first son works in construction, the second is a driver, and the youngest is still in school. Ibaydila and his wife are farmers. When the collective farms broke up in 1996, they got some land which they now use for growing different fruits and vegetables. They will use the loan to purchase potato seeds and mineral fertilizers for farming. In the future he wants to purchase a piece of land and start building a house for his son.
Askarbek M., 55, is married. He has a son and two daughters. The son is a constructor, the first daughter is married, and the second is at school. Askarbek and his wife are engaged in cattle breeding. With money received from the loan he wants to purchase a bull for breeding.
About Mol Bulak Finance (MBF):
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
- 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