However, even in that situation there are many people who, unlike their compatriots, find energy, ideas and inspiration to look for a better life and opportunities. P. Mambetalieva is the leader of this group. She is twenty-three, married, and has a four-year-old son. Her husband trades in spare parts for cars in a specialized market.
P. does her best to help her husband support the family, selling women’s clothes at retail prices. She has been doing this for the last two years and now her monthly income is around $200. P. has many plans regarding her occupation. She decided to apply for this loan because it would help her purchase new items of clothing (summer and fall) and thus expand her assortment.
N. Jyrnova, 42, is married and, together with her husband, they keep a household and raise cattle. Apart from trading in cattle they also sell milk and manage to earn about $190 a month. She hopes to obtain this loan to buy a calf for feeding.
T. Abduldayev, 24, is married and has a four-month-old daughter. His wife stays at home with the child. To provide for the family, T. manufactures furniture. He used to work in a factory but now has his own business. T. needs this loan to buy materials for making furniture.
Z. Abduldayeva, 27, is married and has a son. Her husband is a welder. Z. cannot work now and stays at home with the child. Her husband’s monthly income is around $205. She has applied for this loan to buy a calf for feeding and thus help her husband financially.
--- 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 3-Ps concept - People (building human capital and taking care of its customers and the 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/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 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