Umidahon S. is 35. Her husband is a farmer. She has three sons who are currently students. Twelve years ago with an initial investment of 1800 soms, Umidahon bought a calf and started breeding cattle. In this way, she makes 2500 soms per month. Now she wants to get a loan to purchase a bull, which will be resold after fattening. In the future, Umidahon would like to open a kiosk near her house.
Sayorahon R. is 28. Her husband works as a constructor and they have two sons, who are in kindergarten. Sayorahon works in a barbershop. With money received from the loan, she plans to purchase cement and other building materials in order to continue repairing the house.
Nafisahon S. is 26. In order to make some money, her husband went to work in Russia. They have a daughter and a son; both are currently in preschool. Nafisahon breeds, fattens and resells cattle and poultry. In this way, she makes 3000 soms per month. With money received from the loan, Nafisahon wants to purchase a bull-calf and resell it after fattening.
--- 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