Djoldoshbek M., 56, is married. His wife has a profession of medical assistant. The couple has 5 children. The family is engaged in cattle breeding and dairy product sales. The loan purpose is to purchase coal for winter.
Elmira K., 41, is married to a tractor driver. The couple has 6 children. The family has been breeding cattle and selling dairy products for 16 years. Their loan purpose is to purchase cattle to develop the business.
Saule E., 41, is married. Her husband works in Bishkek, where he sells meat in the market. The couple is raising 3 children. With her husband’s and son’s help, Saule breeds cattle. With money received from the loan she wants to improve her living conditions and purchase a washing machine.
Zainudin A., 36, is married. Her husband supports the family by working as a school teacher. The couple is raising a daughter. The family make their living by cattle breeding. The loan purpose is to purchase calves for resale.
--- 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