Turdukan Z., 27, is a member of this group. She is single and doesn’t have any financial dependents. Her father has always been a cattle breeder so Turdukan inherited love for animals and the skills of taking care of them. When she began leading an independent lifestyle, her father recommended for her to start cattle breeding on her own. Without any hesitation Turdukan agreed and bought a couple of heads of cattle. Year by year Turdukan’s assets of cattle are growing in number. It creates a new problem for her. How to solve transportation issues? When she had few heads of cattle, that was not such a big issue, but now it requires a bigger truck and higher costs. So Turdukan turned to Mol Bulak Finance for help. Being offered a loan by Kiva, she was in heaven from happiness. It is such a great deal for her. Turdukan really hopes to get a loan which she plans to spend on buying additional cattle and a truck for transporting them to a local cattle yard.
--- 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