Cholpon S., 37, is the leader of this group. She, like many other women in the country, was sure that there were very few employment opportunities for an uneducated women like her. The loan from Kiva helped her understand that she can invest needed funds in cattle breeding and qualify herself to superintend a dairy farm. Cholpon has small assets of cattle, but believes she is well trained for this business. She believes that the capital provided by Kiva lenders will be an investment that will become profitable with good management. She purchased some cattle two years ago for 3,000 soms because she knew it is the closest of all within reach for a woman with the proper abilities and training. She is also very interested in studying the care of domestic animals. She learned that cattle require great care especially when young, good food, warm and dry quarters, particularly in harsh wet winters. Cholpon is the mother of four children and satisfies their basic needs. Cholpon gathered and leads this group of like-minded fellows in order to request the loan for purchasing additional heads of livestock.
--- 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