Burulai K. is the leader of the group. She is 52, a widow. At the present moment she has a job as the cook in the Tashkumyr professional lycee (secondary school). Twenty years ago, by personal initiative, she bought three goats, and during the years she has managed to obtain a “Niva” car. Burulai wants to get a loan to buy more goats for breeding. One of the most important aims for Burulai is to buy a new car.
Abdipatta J., 42, together with his wife, who works as a cook, is raising four daughters. His business started five years ago with cattle breeding. Besides running his business, he works as an electrician in Jalalabat. During his working years has managed to buy a foreign car. The purpose of his loan is to create household buildings.
Talantbek O., 26, is married and has two infant children. Two years ago his wife’s parents incited him to start his own business by presenting him with a cow. Besides his business he has a current job as an electrician in Jalalabat. He has been making a profit, and has managed to buy necessary domestic appliances. The purpose of his loan is to buy livestock for further breeding. Talantbek is planning to buy a house with modern conveniences.
Sabirahan J., 61, is a widow. She earns her livelihood by working as a watchman in a professional lycee. Besides her job, she breeds cattle. Planning for the future, Sabirahan wants to build a bath-house, garage and other necessary outbuildings.
--- 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