But Mairam always had hope for better times. And better times finally came.
Soon Mairam drew upon her inner resources and started a small business retailing cattle supplies. Her valuable experience helped her create ropes, strings and cords for easier and more convenient handling of cattle. Now, several times a week Mairam goes to the neighboring villages offering her ropes to the residents. Since most are cattle breeders, they find Mairam’s products very useful. Her customers say that Mairam’s hand-made ropes are of a much higher quality than those in the market.
Mairam’s oldest son is now 20 years old and helps the family financially by working in a nearby gas station. Mairam is ambitious to promote new ideas and products. She requests a loan from Kiva for purchasing personal needs for her children.
--- 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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