With the help of her elder son, Sovetkan breeds cattle. She started two years ago with initial investment of 15,000 soms. She has been able to educate her children on the profits from cattle breeding and increase her income to 3,000 soms. She is applying for a loan in order to purchase cattle for breeding. In the future, she is planning to increase her cattle herd further and make repairs to her house.
Ainur M. is the treasurer of the group. She is forty-six and married. She has three sons of twenty-two, nineteen, and seventeen years old. Her elder son graduated from medical college, her second son is a student in an institution of higher education, and her youngest son is expected to graduate from high school this year. Her husband is a veterinarian. She breeds cattle and resells veterinary medicines.
They started fifteen years ago with the purchase of cattle for 15,000 soms. They have been able to educate their children, open a veterinary drug store, build a house, and increase their monthly income to 5,000 soms. In the near future, they are planning to buy more cattle, marry their son, and purchase household appliances.
Sypaiy K. is forty-nine and married. She has three children: her sons are twenty-four and nineteen and her daughter is twenty-three years old. Her elder son is a merchant, her elder daughter is married and lives independently, and her youngest son is at home.
She farms and breeds cattle and her son and husband help her. Also, she sells from eight to nine liters of milk each morning. They started fifteen years ago with a purchase of cattle for 6,000 soms. They have built a shed, purchased a house, educated their children, and increased their income to 2,000 soms. She is applying for a loan in order to purchase additional cattle. It would increase her turnover and as a result, it would increase her profits. In the near future, she is planning to buy more cattle and purchase furniture.
Dinara U. is forty-six and married. She has five children: her daughters are twenty-two, sixteen, twelve and her sons are twenty and eight years old. Her elder daughter is married and lives independently, her elder son is a student at an institution of higher education, and all her other children go to school.
She breeds cattle and her children actively help her. Also, she sells twenty liters of milk a day. She started cattle breeding three years ago with initial investment of 15,000 soms. With the profits from cattle breeding, she educated her son and increased her turnover. She is applying for a loan in order to purchase more cattle for breeding. In the near future, she is planning to buy more cattle, marry her son, and purchase household appliances.
--- 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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