Total loan: $1,200

Karakyz's Group

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Tokmak, Chuy Province, Kyrgyzstan / Agriculture

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A loan helped To hire labor.

Karakyz's Group's story

Karakyz T. is the leader of this group. She is 41 and divorced. She has raised two sons: her older son is twenty and works as a security guard and her younger one is just four years old. Karakyz works at the tannery (leather factory) and also cultivates strawberries to make some money. She started this activity a year ago after she divorced her husband. She started with the initial investment of 1,500 soms (approximately 32 USD)and now she earns 8,000 soms (approximately 174 USD) per month. With the money received from the loan, Karakyz wants to hire labor. In the future she plans to repair her house. Bakyt Z. is 36 and is married. He has a son and a daughter, both of whom study at school. Bakyt works as a taxi-driver and also farms and breeds cattle to make some money. He applied for the loan, because he needs money to purchase two bull-calves for breeding. In the future he wants to save some money and contribute to his brother’s wedding. Baktygul E. is the treasurer of the group. She is 34 and works at the tannery. She also cultivates strawberries. She started a year ago with the initial investment of 2,000 soms (approximately 43 USD) and now makes 7,000 soms (approximately 152 USD) per month. With money received from the loan, she wants to hire labor and purchase buckets. Gulaza U. is 48 and is a widow. She has two sons and a daughter: her older son works as a security guard; her daughter works at the tannery; and her second son is a student. In order to make money, Gulaza breeds cattle, selling some after fattening, and also sells milk. She has been doing this for thirty years. Now she wants to obtain a loan to purchase a bull which she will sell after fattening to make some money. In the future she wants to build a house for her older son. --- Where Did This Loan Come From? --- This loan is brought to you by Mol Bulak Finance, a young and ambitious socially-focused MFI in Kyrgyzstan. Mol Bulak Finance is strongly committed to the principles of sustainable development on the basis of the 3-Ps concept - People (building human capital and taking care of its customers and the society as well), Profit (to be profitable in order to grow further) and the Planet (taking care of the environment). It is also the only MFI in Kyrgyzstan that delivers its services to customers 365 days a year. To learn more about Mol Bulak and view a video presentation about the organization, please visit: www.kiva.org/about/aboutPartner?id=135. If you would like to support and learn more about Kyrgyzstan and micro-finance in Central Asia, please join our Lending Team - Supporters of Kyrgyzstan - at www.kiva.org/team/kyrgyzstan. Members will get special updates and news from the Kiva Fellows in Kyrgyzstan and from Mol Bulak staff.