Hadicha started her business five years ago with the initial investment of 300 soms and now she makes 6,000 soms per month. With money received from the loan, she wants to increase the turnover of her business. In the future, she wants to improve her living conditions and provide her children with a good education.
Muharramhan M. is the treasurer of the group. She is 59 and a widow. She has raised two sons and a daughter. Six years ago, with the initial investment of 80,000 soms, Mauharramhan started a wholesale trade in sunflowers. In this way, she makes 10,000 soms per month. With money received from the loan, she wants to increase the turnover of her business. In the future, she wants to start building a house for her son.
Manzurahon H., 37, is married. She has a son and two daughters. The son is at school and the daughters are not yet. Manzurahon is a nurse and her husband works as a cook. Six years ago, they started to breed livestock. Manzurahon hopes to obtain the loan because she needs money to purchase farm animals for breeding. In the future, she wants to increase the number of livestock, build a new house and provide her children with a good education.
Muhtabarhon H., 62, is a widow. She has raised daughters and two sons. All the children are married and working. A year ago, Muhtabarhon bought a calf and now she wants to get a loan to purchase sheep for breeding.
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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Success!! The loan was 100% repaid