Total loan: $1,375
Kochkor, Naryn Region, Kyrgyzstan / Agriculture
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Burulkan's Group's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!
A loan helped To purchase livestock.
Burulkan's Group's story
Burulkan A. is the group’s leader. She is 58 years old and married. Her husband is a pensioner. The couple has brought up 6 children, all of whom are already grownups and live separately from their parents. The family's main income is from farming. For twenty years they have managed to improve their financial position, educate their sons and organize their children's weddings. Their cattle stock has also increased. This loan's purpose is to purchase 8-9 livestock animals for fattening and breeding. In the future, Burulkan and her family intend to build a house, to develop their business and to obtain an automobile. Kasmaaly O., 25, is married. His family has 2 children of preschool age. As the head of the family, he raises funds by being a taxi-driver, and is planning to start his own business reselling cereals and potatoes (he has 5000 soms in cash and 1000 kg of potato). He is requesting this loan to purchase 3000 kg of potato (6 soms per kilogram) for further resale. Kasmaaly wants to increase his commodity circulation and to improve his financial position. Zinakul M., 48, is married. Her spouse is a farmer. The family has four sons, the eldest of whom are students and the youngest of whom are school pupils. Farming has the main family business since 1994. During the years, they have worked hard and have managed to improve their financial position and to increase cattle stock. The purpose of the loan is to pay harvest service. In the future, Zinakul is planning to obtain an automobile and then to obtain a lot near Bishkek. Alym I. is the treasurer of the group. She is 57 and married. Her family has 7 children. The eldest of them live separately from parents and one of their sons and his family live with the parents. Their youngest is a schoolboy. The family makes its money on field work. They started farming in 1994, after obtaining a lot, and began to cultivate the land. Through the years they have managed to improve their financial position, to purchase several cars and also to arrange their son’s wedding. The purpose of the loan is to buy petroleum-based fuels. In the future, Alym is planning to increase her cattle stock, and then to buy a lot near Bishkek. --- 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.