Total loan: $1,525

Bekzat's Group

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Tup, Issyk-Kul Region, Kyrgyzstan / Agriculture

Bekzat's Group's loan finished fundraising,
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A loan helped to purchase seeds.

Bekzat's Group's story

Bekzat B., 25, is a member of this group. He resides in the village of Tyup. He is married and is a young father of two children. In the past he used to have a joint business with his parents, but two years ago he started an individual business. He bought land and cultivated it. Also he runs a dairy business, selling 7-8 liters of milk for 11 soms per liter on a daily basis. His initial capital was 7 000 soms, while nowadays the business generates 3 000 soms per month. The purpose of the loan is the purchase of seeds. The field work has already started, so Bekzat along with other farmers is in a hurry. --- 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.