As any woman that has already reared her children until a definite age, when she no longer has to sit at home and look after them, Kenjekyz had long ago planned to start working some day. Until that very moment, she had been saving money to start her own business. And here it was, nine years ago this day came and she invested her savings in shoes and started trading.
This determination of hers has already yielded quite impressive results. Due to her earnings, she and her husband have already bought a house, a car, and some convenience goods. Now, her monthly income constitutes around $470, which is considered to be a good income.
Kenjekyz, currently needs a loan to invest in a new purchase of shoes and with the rest of the loan she wants to cover house-building expenses. Once she saves a sufficient amount of funds she is going to buy a container and help her son get married.
These are Kenjekyz’s partners: Aigul, Gulnarida and Beishekul:
Aigul, 35, is married and has four children. She trades in clothes, whereas her husband is a welder. Aigul makes $430 a month. She needs a loan to purchase more clothes to sell. Her future plans are to provide her children with education and to buy a car.
Gulnarida, 25, is married and has one child. Nevertheless, she manages to be engaged in trade, as she sells women’s underwear. She borrowed money from her aunt to start her business. Gulnarida needs a loan to purchase more underwear and to add slippers to her assortment.
Beishekul, 49, is married and is the mother of two children. Her husband does odd jobs at a construction site, and she sells nightgowns at the local market. Beishekul needs a loan to purchase more nightgowns.
--- 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.
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.
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Success!! The loan was 100% repaid