Anarkul has a kiosk where she sells convenience goods. She started this activity eight years ago with the initial investment of 300 soms and now she makes 2,000 soms per month. There are three children in their family: two sons and a daughter. The first son works in construction, the second son went to Russia to work to earn some money, and the daughter studies at school. When the daughter is free, she helps her mom in the kiosk.
With money received from the loan, Anarkul wants to purchase a variety of goods: 20 kg of rigatoni, 10 kg of sugar, 20 bars of soap, 20 packs of juice, 3 blocks of cigarettes and 20 packs of powdered detergent. In the future she wants to expand her business and open a big store.
Zarylkan E. is the treasurer of the group. She is 63 and a widow. Thirteen years ago, with the initial investment of 3,000 soms, she bought a calf and, since that moment, started to breed cattle. With money received from the loan she wants to purchase hay for her cattle.
Mukaddas S., 40, is married. She makes and sells bread while her husband works as a taxi driver. Mukaddas started to sell bread eight years ago with the initial investment of 30,000 soms and now she makes 19,000 soms per month. There are four children in her family and all of them are students. If any of the family members has free time, he or she helps Mukaddas with her activity. With money received from the loan Mukkadas wants to purchase 50 bags of flour. In the future she plans to build a big house for her children.
Dinara D., 21, is married and her husband works as a driver earning 2,500 soms per month. Dinara applied for the loan because she needs money to purchase a washing machine for her mom.
Roza O., 53, is a widow. She has two sons: the older son is a bus driver and the second son is a student. Roza works as a nurse and earns 6,000 soms per month. She also breeds cattle, which she has been doing for thirty years. She now she wants to obtain a loan to purchase a calf and hay for her cattle. In the future she wants to save some money to contribute to her son’s wedding.
--- 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