Total loan: $1,200

Maksuda's Group

Toktogul, Jalal-Abad Region, Kyrgyzstan / Agriculture

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A loan helped to purchase cattle.

Maksuda's Group's story

Maksuda K., 59, is the leader of this group. She is a widow and resides in the small town of Toktogul on her own. Three of her kids are already grown and live separately. The business story of this lady started in 2005, when she received a loan of 60 000 soms from a local bank and bought 11 head of livestock. That became a turning point in her family budget. Gradually she learnt more and more about care of livestock and efficient ways of selling her animals. Soon the profit helped her purchase more head of livestock. Now Maksuda’s herd is one of the largest ones in the neighborhood. A monthly income of 2 000 soms helped her repay the loan successfully. Since she has experience in taking out loans she is sure to repay the loan from Kiva, too. She requests the loan for the purchase of more head of cattle. Her biggest wish is to help her son financially in finishing the construction of his house. --- 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.