Jyparkul K., 47, is the treasurer of this group. Flowers have been her passion for many years. She thinks she inherited this love from her mother, who was a professional florist. Every early spring Jyparkul paves the way for planting seeds of various types of tulips, roses and her favorite narcissus. April and May brings unbelievable beauty to her garden, which she expands every year. The whole neighborhood is amazed with Jyparkul’s flowers and asks her advice concerning all sowing processes.
A year ago she talked her husband into starting to sell flowers in a local flower market. Soon the business prospered and attracted even foreign customers’ interest. Now it earns up to $170 a month and helps her provide her six children with daily necessities. In the future she plans to diversify her assortment and try to mix in some new types of flowers. She plans to spend the profits generated from this loan to purchase a small piece of land.
--- Where Did This Loan Come From? ---
This loan is brought to you by Mol Bulak Finance (MBF), a young, ambitious and socially-focused Micro-finance 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 Micro-finance 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 micro-finance 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