Farida M. is a citizen of Tashkomur city, Kyrgyzstan. She is 32 and is married. Her family is rather big: together with her husband she is bringing up three children. The eldest daughter and her son are school pupils; the youngest one is a toddler.
These business-like parents make their living by having their own workshop “Araket” for sand block manufacturing. All this started because Farida’s husband became interested in sand block production and then concluded that this business would be profitable. For two years now, this business has been the main source of family income. From the profits, they have managed to purchase equipment for sand block manufacturing (200000 soms) and also to obtain a flat (100000 soms). They earn on average 28,000 soms per month.
The family is planning to purchase a used car. They already have some money, but need some extra funds to achieve their aim. Hence they need a loan. In the future the couple want to expand their business and to begin producing glazed tiles.
--- 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.