Madina is 34 years old, she was born in the town of Uzgen in the sunny south of Kyrgyztan, a wife of a farmer and a mother of three sons. Madina lived all her life in this sunny city and agriculture has been dominant in attracting the residents and profits. For fourteen years Madina and her husband were involved in growing agriculture products from small greens and to tall Uzgen rice which is famous for it's unique taste. After the hard work in the spring and summer comes the bountiful for the farmers autumn. The fertile land of Uzgen and its warm climate bring a rich harvest. During one of these autumns the income of Madina's family had allowed them to buy a small plot of land and to build a house.
Soon the sowing season will begin and the cycle will begin again. To collect a good harvest taking good care of the land is a must. The fertilizer for such a big area of land can be very costly. Madina has asked for financial assistance from Kiva with this purpose. In the future she wants to raise her children and improve the well being of her family.
--- 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