Diloromhon M. is the treasurer of the group. She is 41 and married. She has two sons and a daughter. The first son is a baker and the other children are at school. Diloromhon works as a nurse in the hospital. She also helps her husband to breed cattle. Selling six liters of milk every day, she makes about $43 per month. With money received from the loan she wants to purchase a cow for breeding. In the future she wants to purchase a piece of land and start building a house for her first son.
Tojimamat S., 37, is married. He has a son and two daughters, all of whom are in school. Tojimamat breeds livestock and sells some animals every weekend. With money received from the loan he wants to purchase sheep in order to resell them at a higher price after fattening.
Mahmudjon U., 38, is married. He has two daughters and a son. All the children are in school. Mahmudjon is a farmer who cultivates cotton for making money. With money received from the loan he wants to purchase cotton seed.
--- Where Did This Loan Come From? ---
This loan is brought to you by Mol Bulak Finance (MBF), a young, ambitious and socially-focused Micro-finance 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 Micro-finance 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 micro-finance 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