Dariika S. is the treasurer of the group. She is 42 years old and married. Her husband makes his living by renting a combine and working as a tractor operator. This kind of work makes it possible to earn 10,000-20,000 soms per season. The couple has four children (3 sons and a daughter): the eldest one is a university student, the younger sons are schoolboys, the daughter goes to kindergarten. At this point the family is engaged in harvesting. In order to purchase animal livestock for business development, the family hopes to get a loan. In the future, Dariika wishes to improve her family's welfare and to increase cattle stock.
Almabubu J., 50, is married. Her family has 5 children (3 daughters and 2 sons): the eldest are married and live separately from their parents, the youngest daughter is a schoolgirl. The head of the family raises money by farming: he is harvesting and looking after cattle. They have managed to give their children an education. The loan purpose is to purchase animal livestock. In the future, Almabubu is planning to increase cattle stock.
Asanaly U., 71, is married. He and his wife are pensioners. They brought up 5 children (a son and 4 daughters) who are all married and live separately from their parents. The main source of income comes from cultivating cereals. The family has managed to harvest 4 tons of barley. The loan purpose is to purchase animal livestock for further fattening and breeding. Asanaly, with his wife, are aiming to support their children and to improve their wealth.
--- 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.
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