Alymbiubiu O. is treasurer of the group. She is 60 years old and a widow. She has four children: her daughters are 36 and 31 and her sons are 33 and 30. Her daughters are married and live independently, her elder son works in Moscow and her youngest son lives with Alymbiubiu. She breeds cattle with the help of her son. She started cattle breeding four years ago with an initial investment of 4,000 soms. Now, she earns 1,500 soms monthly. She is applying for a loan to purchase additional cattle. In the future, she is planning to marry off her son with the help of the profits from cattle breeding.
Kalbiubiu A. is 38 and married. She has six children: her daughters are 19, 18, 13, 11, and six and her son is two years old. Her oldest daughter works in Almaty (Kazakhstan), her next three daughters go to school and her youngest daughter and son are at home. Kalbiubiu sells five or six liters of milk and rolls. Kalbiubiu started selling milk from a purchase of cattle two years ago. She started with an initial investment of 3,000 soms and she now earns 1,500 soms each month. She is applying for a loan to purchase cattle for breeding. In the future, she plans to make repairs to her house and increase her cattle herd.
Nazgul U. is 31 and married. She has two daughters who are four and three years old. Both of them are at home. She and her husband are farmers. They are preparing for the harvest. Her monthly income is 1,000 soms. She is applying for a loan to start cattle breeding. In the future, she hopes to use the profits to increase the herd and repair her house.
--- 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