Antonina K., 29, divorced. She is a treasurer of this group. By herself, she is bringing up a daughter. This unwed mother earns her livelihood by working as an operator in a playing club. The loan purpose is to buy building materials in order to finish house repairs. Antonina wants to marry, give birth to more children and to buy a car.
Rustam K., 22, a bachelor. He works in “Abdysh-ata” company as a loader as well as in a military part of a boiler-house. His additional income comes from cattle breeding. He decided to start this business after having helped his friend in doing it. His mother helps him to run this business. During these years he has managed to purchase some household appliances. Rustam needs a loan in order to buy two calves for further fattening and to increase stock. Planning his future, Rustam wants to build a big house, to marry and to buy a car.
Ainagul S., 58, is divorced. She has an adult son, who works in OsOO Abdysh-Ata as a common worker. Ainagul makes her living by working as an ambulance medical assistant. The loan purpose is to buy wallpaper and a chandelier in order to decorate a hall. In the future she wants to arrange her son’s wedding, to buy a flat and a car.
--- 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