Saerahon T. is 31 years old and married. Temporarily, she has to raise her daughter and son alone because of her husband working in Russia. In 1998, having gathered a rich cotton harvest, they purchased cattle. Since then the family's main income comes out of cattle breeding. They currently have three cows and two sheep. Earnings have made it possible to do house repairs and to buy a kitchen set. The loan purpose is to buy fodder. In the future Saerahon’s family wants to build a new house, to obtain furniture and to increase their stock of cattle.
Rahmatillo B. is 31 years old and married. Together with his wife, whose profession is a teacher, they are bringing up three children. The elder son goes to school and the daughter is in kindergarten. The main source of the family's budget is cattle breeding. This was started when his father presented them with a bull, and now the family has a milk cow with her calf. Out of profits they have managed to build a house. The loan purpose is to purchase sheep for further fattening. In the future Rahmatillo wants to finish up his house building, to buy a car and to build a farm for breeding animals.
Yakutai I. is 54 years old and married. She has two sons. The older son is a dentist and the younger one works in Russia. Five years ago, with the initial investment of 5,000 KGS, Yakutai started to breed livestock. She applied for the loan in order to purchase two sheep for breeding.
--- 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