Shailoo S. is the treasurer of the group. She is 47 and a widow. She has had to bring up three daughters alone. The eldest daughter raises money by working as a teacher in Orlovka village. The others are schoolgirls, and all of them support their mother by helping her with the housekeeping. Shailoo is building a house, if all the conditions for cattle breeding are provided. The loan purpose is to purchase livestock animals for further fattening and breeding. In the future the family wants to finish building their house and to develop their business.
Yimanakun J., 63, is married. He lives together with his wife. All of their children are already grownups and live separately from their parents. The family business is farming, but temporarily it has been paused. The loan purpose is to obtain livestock animals for further fattening and breeding. In the future Yimanakun hopes to improve his family wealth and to develop the business.
Tolobek J., is 36 and married. He and his wife, who is a farmer, are bringing up three small children. Tolobek knows how to breed cattle and wants to start his own business in this familiar sphere. The loan purpose is to purchase livestock animals. In the future he wants his children to be well educated, and he is planning to increase his cattle stock.
--- 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