Shahra N. is the treasurer of the group. She is thirty-three and married. She has a son who is fifteen and goes to school. Her husband breeds cattle. She sells vegetables at the local market. In 2007, she decided to start selling vegetables in order to make money. The first time she succeeded and then she increased her assortment. Starting with an initial investment of 1,000 KGS, she now makes about $110 monthly. She is planning to increase her assortment further in order to get higher profits and therefore she applied for a loan. With the profits from selling vegetables she is planning to give her son the opportunity to get his higher education abroad.
Amangeldi S. is fifty-five and married. He has five children, all of whom live independently from their parents. His wife is a housewife. His youngest son helps him with the business. In 2005, he started buying and reselling cattle. He made a profit the first time and decided that it would be a profitable niche. Since that time, he buys and resells cattle. Now, he could greatly increase his number of cattle and therefore he is building another barn. He is applying for a loan because he wants to buy even more cattle and it would help him in increasing his number of cattle.
Anara Z. is twenty-six and married. She has two daughters who are six and five years old and are still at home. Her husband is a builder. Anara breeds cattle. Two years ago, she decided to buy cattle for breeding with the money received from selling vegetables from her own garden. She bought cattle for 15,000 KGS and she could significantly increase their numbers afterward. She is applying for a loan in order to buy cattle for breeding and increasing their numbers. She wants to expand her business as much as possible.
--- Where Did This Loan Come From? ---
This loan is brought to you by Mol Bulak Finance (MBF), a young, ambitious and socially-focused Microfinance Institution in Kyrgyzstan.
MBF is strongly committed to the principles of sustainable development and upholds the triple bottom line – People (building human capital and taking care of its customers as well as society), Planet (keeping environmentally friendly) and Profit (earning revenue to expand autonomously). MBF is the only Microfinance Institute in Kyrgyzstan that delivers its services to customers 365 days a year. To learn more about MBF 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 microfinance in Central Asia, please join our Lending Team - Supporters of Kyrgyzstan – Mol Bulak Finance at http://kiva.org/team/kyrgyzstan. Members will get special updates and news from Kiva Fellows in Kyrgyzstan and from the MBF 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