Monuskan T. is the treasurer of the group. She is 37 and married. She has two daughters and a son. All the children are at school. In order to make money Monuskan breeds livestock and her husband works in construction. Monuskan started her activity five years ago with the initial investment of 2000 soms. With money received from the loan she wants to purchase livestock for breeding.
Zulaika A., 38, is a widow. She has three sons; all of them are at school. Zulaika breeds livestock to earn money. She resells sheep after fattening, and in this way she makes 2000 soms per month. She hopes to obtain the loan because she needs money to purchase sheep in order to increase her flock. In the future she wants to save money and purchase household appliances in order to improve her living conditions.
Kubatbek K., 36, is married. He has a daughter who is at school. Kabatbek and his wife breed livestock; they resell sheep after fattening. In this way they make about 2000 soms per month. With money received from the loan, Kabatbek wants to purchase livestock for breeding. In the future he wants to start building a new house.
--- 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