Muzakanova M. is 38 and married with three children: two daughters and a son. All the children study at school. M. works as an implementer in a store, she earns 3,000 soms (aprx. $65.15) per month. Her husband works an architect and his salary is 5,000 soms (aprx. $108.57). In 2005, with an initial sum of 5,000 soms (aprx. $108.57) they opened a photo salon. Thanks to this activity they earn an addition 5,000 soms (aprx. $108.57) and they have been able to buy a computer and furniture for their home. With money received from this loan, they plan to purchase a printer. In the future, they would like to buy a flat in Bishkek.
Zhumaeva A. is the treasurer of the group. She is 42 and married. She has two sons and a daughter. The older son is a student and the others study at school. A.'s husband works on the railway, so he earns 6,000 soms (aprx. $130.30) per month. A. works at the railway station too and her salary is 4,000 soms (aprx. $86.90). 10 years ago, with an initial amount of 10,000 soms (aprx. $217.15) they bought five heads of small cattle, fattened them and they were resold. As a result, they increased their number of livestock and they now have 15 heads of small cattle. Thanks to this activity they make an addition 3,000 soms (aprx. $65.15) per month. A. would like a loan to buy three heads of small cattle for an amount of 9,000 soms ($195.44).
Rysalieva G. is 63. She is married and has raised two sons. The older one is 33 and works a painter. The other one is unemployed. G. does not work outside the home but takes orders for sewing national products. Two years ago with an initial amount of 1,000 soms ($21.72) she began to take orders from neighbours and was able to make home repairs. Now she wants a loan to purchase fabrics.
--- Where Did This Loan Come From? ---
This loan is brought to you by Kiva partner 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 3-Ps concept - People (building human capital and taking care of customers and society as well), Profit (to be profitable to grow further) and the Planet (taking care of the environment). It is also the only MFI in Kyrgyzstan which 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: http://www.kiva.org/about/about Partner?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 http://kiva.org/team/kyrgyzstan. Members will get special updates and news from the Kiva Fellows in Kyrgyzstan and 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