Gulshat B., 36, is married. Her husband's profession is farming. Together, the couple has three children, all of whom are school pupils. Gulshat has chosen to work in the sphere of medicine; she works as a nurse in a hospital. But in order to cover family expenses, she has to earn money additionally by cattle breeding. Out of those proceeds, the family has managed to build a new house and to obtain a refrigerator and a washing machine. The loan's purpose is for stocking up hay for the winter. In the future, she is planning to buy a car.
Saltanat U. has the status of the group’s treasurer. She is 34 and a widow who has raised two sons by herself. Luckily, she gets material support from her brother and her older son. But after the big tragedy, her husband's death, she decided not to give up and she has opened a small shop. This business gives her 6000 soms per month. Moreover, Saltanat makes her bread by working as a mail carrier. She has managed to buy necessary household appliances: a clothes washer, a refrigerator and a vacuum cleaner. The loan's purpose is to increase cattle stock by obtaining more farm animals (2500 soms per animal). In the future, she plans to build a household room.
Shailogul T., 31, is married and her spouse is a farmer. Today, she raises money by taking orders at home and offering a sewing service. During the years of working hard, the members of the family together have managed to make house repairs, to buy a television set and a carpet. The loan's purpose is to obtain a sewing machine and stuff. Planning for the future, Shailogul wants to buy a kitchen set and a refrigerator.
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 "P" 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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