The first challenge in making a business plan was choosing the location. There were too many cafes in their hometown, so they looked for a less competitive environment. The perfect spot was the busiest route in the country, connecting two major centers, Bishkek and Osh. Every day thousands of passenger buses and cars take this route. There are picturesque views and sightseeing, but the passengers complain of having a lack of places to stop for lunch. Ryskul and her husband sold all of their cattle and invested the revenue in building a café. It has been three years, and Ryskul’s expectations turned into reality. Ryskul is the chief cook and her husband is the manager and a caterer of all necessary supplies. The family was able to buy new furniture for their house and an automobile. The profits from the business have reached 40,000 monthly, but along with it the inflation and transportation costs have increased the café’s expenses. Ryskul is requesting a loan in order to buy some inputs and raw materials for running the café. If everything goes well, Ryskul dreams of opening another small shop near her café.
--- 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