Aisuluu E. is the treasurer of the group. She is 40 and married. She has a daughter and a son. The son studies at university and the daughter is at school. Aisuluu works in the Department of Registration and her husband is a private driver. With money received from the loan, she wants to purchase a computer. In the future, she wants to provide her children a good education.
Omurbek A., 39, is married. He has three daughters. Three years ago, with the initial investment of 3,000 soms, Omurbek and his wife started to breed livestock. With money received from the loan, they want to purchase more livestock for breeding.
Abdugalim A., 49, is married. He has three sons and two daughters. Abdugalin is a private driver and his wife works as a teacher. Abdugalim wants to start breeding cattle. With money received from the loan, he wants to purchase a cow.
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 "P" 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