Nazira, 34, is a member of this group. She resides in the small town of Kerben in northern Kyrgyzstan. Nazira is married to a farmer and they have three young children. Unfortunately, Nazira doesn’t get to see them during the day due to her occupation of cattle reselling. Most of her time is spent on taking care of the cattle and taking them to a stockyard for reselling at a good deal. She got involved in this activity two years ago following the advice of her sister and invested start-up capital of 28,000 soms. She has spent the generated profit well, by buying electrical appliances and improvements for the house. Currently she receives 10,000 soms a month and hopes to save enough for the purchase of a car in the future. The purpose of the loan is to invest back in the business for the turnover of capital.
--- 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.