Anarkan A., 48, is a leader of this group. A resident of a small town Toktogul, she is married and has three children. It’s been three years since she, her husband and their younger son have been working in cattle breeding and reselling. Anarkan’s husband is a driver, and despite the fact that it takes a lot of time and energy, he still does his best to help out with the family business.
Anarkan herself is a consultant in a local central library. She has always enjoyed being surrounded by an aura of education and knowledge. She had to work part-time to save up for cattle breeding. The business was started three years ago with the purchase of three heads of cattle for 10,000 soms. It had been a lot of pressure, because much of the savings and a lot of hope was put into this business. It is paying off, bringing in 2,000 soms monthly. Anarkan says it’s not enough for some personal purchases such as furniture. She hopes to get the loan and repay it according to schedule.
--- 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