Abdurahim L. is 31 and married. His wife is a seamstress. Together the couple has two children, one of whom goes to school. Five years ago his parents gave him a calf and a sheep and since then he has been engaged in cattle breeding. With the profits he purchased a sewing machine for his wife and also made house repairs. Abdurahim wants a loan to buy four livestock animals and to finish the house repairs. In the future, Abdurahim wants to purchase a house in Bishkek City.
Tatyana L. is 55 and married. Her spouse is a farmer. The couple has two daughters who are 36 and 31 years old. The elder one is a seamstress and the younger one is currently unemployed. Tatyana earns money by working as a guard and a charwoman in a school. Tatyana wants a loan to make household improvements. In future, the family is planning to make house repairs and to separate daughters.
Nazokat T. is 39, married and has two children. Her spouse, who supports the family, is a taxi driver. Nazokat works as a charwoman. Her family needs to a loan in order to make house repairs and to arrange her son’s circumcision. In the future, Nazokat is planning to finish the house repairs, plant roses around the house, and purchase a car.
--- 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