In the future, she is planning to purchase a car for her family.
Nurgul T. is the treasurer of the group. She is thirty-six and married. She has four children: her two elder sons and daughter go to school and her youngest son is at home. She is an accountant. Two years ago, her parents gave her cattle and she started breeding cattle. She has been able to increase the number of cattle and make capital repairs of her house. She is applying for a loan in order to purchase more cattle for breeding. In the near future, she is planning to widen shed for cattle.
Bubusaira D. is forty-three and divorced. She has two daughters, aged fifteen and nine, both of whom go to school. She sells convenience goods at her own shop. She started seven years ago with initial investment of 200 soms. Before that, she sold convenience goods on a table near to her house. Day by day, she has been able to increase her turnover. For now, she could build a shop. She is applying for a loan in order to increase her turnover.
Zamira Z. is thirty-four and married. She has three sons, aged fourteen, twelve and seven. Her husband works in construction. She sells vegetables at the local market. She started five years ago with financial support of her husband in the amount of 500 soms. Then, her business became profitable. She increased her turnover and was able to purchase household appliances. She is applying for a loan in order to increase her turnover further. In the future, she is planning to diversify the assortment of goods.
--- 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