The family has its own business: they earn money by keeping poultry, a business they started after they had moved to their new house. Azizahon hopes to obtain a loan in order to purchase hens for further breeding.
In the future, Azizahon wants to build a bath-house, a kitchen, and to install gates.
Hilola A., 23, is not married and lives with her parents. She is the treasurer of the group. Her mother works in a school and her father went to Russia in order to earn money. The family has its own business cultivating agricultural products and out of their profits they have managed to install gates. Hilola hopes to obtain a loan in order to purchase cellophane (a thin, transparent sheet made of regenerated cellulose) for her hothouse plants. In the future, she is planning to obtain a dowry, to marry, and to finish building her house.
Gairatjon B., 31, is married and has no children. He makes his bread by being a farm member. He and his wife run their own business: keeping poultry and breeding hens. In the course of three years they have managed to increase the number of their poultry. The purpose of this loan is to purchase more hens for breeding. In future Gairatjon is planning to do major house repairs, to build a bath-house and a kitchen, and to install gates.
Hakimjon K., 35, is married and is a farmer. He and his wife raise two children, a son and a daughter, both of whom go to school. The family earns money from running their own business: eleven years ago they were excited to receive a cow as a gift and, since then, they have bred cattle. In the course of working hard they have managed to build a stable. The purpose or this loan is to purchase cattle for further fattening and resale. In the future, Hakimjon wants to make major house repairs and build a bath-house.
--- Where Did This Loan Come From? ---
This loan is brought to you by Mol Bulak Finance, a young and ambitious socially-focused MFI in Kyrgyzstan.
Mol Bulak Finance is strongly committed to the principles of sustainable development on the basis of the 3-Ps concept - People (building human capital and taking care of its customers and the society as well), Profit (to be profitable in order to grow further) and the Planet (taking care of the environment). It is also the only MFI in Kyrgyzstan that delivers its services to customers 365 days a year. To learn more about Mol Bulak and view a video presentation about the organization, please visit: www.kiva.org/about/aboutPartner?id=135.
If you would like to support and learn more about Kyrgyzstan and micro-finance in Central Asia, please join our Lending Team - Supporters of Kyrgyzstan - at www.kiva.org/team/kyrgyzstan. Members will get special updates and news from the Kiva Fellows in Kyrgyzstan and from Mol Bulak 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