Potmahon A., 51, is a widow. Her large family consists of the following members: her mother-in-law (retired), her son, her daughter, her daughter-in-law, and her grandchildren. All of the family members have different jobs. Her son works in Russia. Her daughter helps to run their farming business. By now they have harvested the onions. From the profits of the farm, they have been able to prepare a dowry, make house repairs, and arrange her son's wedding. The loan will be used to purchase onion seeds. In the future Potmahon will be spending money on her daughter’s wedding and her grandsons' circumcision ceremony, as well as adding a bathroom to her house.
Muminahon A., 48, is married. She and her husband, who drives a private taxi, have raised two sons. Both of her sons work in construction. The family is building a shed and needs a loan in order to purchase cement and hardware. In the future Muminahon wants to finish improvements to her house, including kitchen and bathroom, and arrange her sons' weddings.
Ozadahon T., 30, is married. Her spouse works in Russia. While he is gone, she is taking care of their four children by herself. The oldest child goes to the school; the youngest is just one year old. To earn an income, she sells fruits and vegetables. She began this business eight years ago by selling berries from her own garden. She is requesting a loan to purchase fruits and vegetables. In the future Ozadahon is planning to build a bathroom and a kitchen.
--- 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 institution 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