Ainura T., 28, is married. She has two sons and two daughters. The first daughter is at school, and the other children are preschool age (under 7). Two years ago with the initial investment of 40,000 soms Ainura started to breed cattle. By reselling the cattle after fattening she makes 10,000 soms per month. Her husband works in construction and when he is free he helps his wife with her activity. Ainura hopes to obtain the loan because she needs money to purchase school accessories for her children. In the future she wants to build a new house.
Mira A., 40, is married. She has two sons and two daughters. The first son studies at university and the other children are at school. Mira and her husband are engaged in livestock breeding. Her husband also works as a tractor driver. By reselling sheep after fattening, they make 8,500 soms per month. With money received from the loan, Mira wants to purchase five sheep to increase the number of livestock and with part of the loan she will use to purchase school accessories for her children.
Chynargul B. is the treasurer of the group. She is 41 and married. She has two daughters and two sons. The first son and the first daughter are at school and the other children are preschool age. Chynargul works as a librarian and receives 2,200 soms per month. Her husband has been engaged in cattle breeding since 1995 By selling cattle after fattening he makes 6,000 soms per month. With the money received from the loan, Chynargul wants to purchase school accessories for her children. In the future she wants to improve her living conditions and provide her children with a good education.
--- 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