Zyinakan M., 70, is a leader of this group and a resident of Tokmok. She is a widow; her children live in Bishkek. She works both in livestock raising and in a small business of sewing national handmade souvenirs. Being a very experienced woman in cattle raising, she was brave enough to start another business by herself at age of 69. She had already provided her children with a good education and had bought a house. She hopes to save some money for arranging a wedding for her son and becoming a grandmother. The main purpose of the loan is to buy sheep for diversifying her livestock business.
Abdimakhamad M., 21, is a resident of Tokmok. He has been involved in construction of apartments and houses for two years. The purpose of the loan is to buy construction materials and equipment for finishing up his house.
Elvira D., 27, is a baker in Tokmok. Her dream is to open a chain of her own bakeries throughout the whole country. She hopes this loan will help her to make this dream come true. She will spend her profits on purchasing furniture.
Marina D., 30, works as a packager in a bakery. The purpose of the loan is to buy winter clothes and furniture for her kitchen.
--- 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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