Baktybubu works as a nurse in the hospital; she also sells convenience goods and breeds cattle. Seven years ago she obtained a loan of 7,000 soms (approximately 150 USD) and with that money she bought different goods and resold them. In this way she now earns 3,000 soms (approximately 65 USD) per month. She applied for this loan because she needs money to purchase consumer goods in order to resell them and make some profit. In the future she wants to increase the number of her cattle.
Zhumash T. is the treasurer of the group. She is 52 and divorced. Her son is married; he helps Zhumash to sell clothes at the market. Fourteen years ago Zhumash sold vegetables and, with an initial investment of 3,000 soms, she started to sell clothes. In this way she earns 15,700 soms (approximately 340 USD) per month. With money received from the loan she wants to purchase a variety of clothes in order to increase the turnover of her business.
Zamirbek S. is 30 and is married. He has three children: the older son studies at school in the 1st class; the other two are too young. Two years ago Zamirbek, with an initial investment of 14,000 soms (approximately 305 USD), bought cattle to raise. After fattening them he sells some cattle to make money. In this way he earns 5,000 soms (approximately 110 USD) per month. He also cultivates fruits and vegetables. Now he wants to obtain a loan to pay for tractor services, to fertilize his land, and to sow potatoes. In autumn he plans to sell potatoes to make money and buy some school clothes for his children.
Nasip U. is 58 and is married. She has a daughter and a son; the son is married and lives separately with his family. Nasip and her husband have been breeding, fattening and selling livestock for ten years. They started with an initial investment of 7,000 soms and now they make 4,000 soms (approximately 85 USD) per month. With money received from the loan, Nasip wants to purchase one farm animal to increase the number of her livestock.
--- 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