Ismailova Habibahon` Group
Habibahon is a farm worker who also owns some livestock. She has been in this business since the early 1990s. She started it after the collapse of the Soviet Union, when most government agricultural land was privatized. At the present time, her seasonal income from farming exceeds $1500 USD. Habibahon usually spends all her income in covering family expenses. Her business earnings have meant that her family could marry both children, build a house for her son, and increase the number of livestock. In the near future, Habibahon is planning to open a food market near her house. This is her first loan from Kiva partner, Mol Bulak Finance, and it will be used to buy potato seeds and 300 kilos of mineral fertilizers.
Hojiumar, 49, is a father of two married children. He is a farmer, and will use his loan to buy potato seeds and fertilizers. Hojiumar has a dream of building a pharmacy and barber shop in the village center because the local population has to go to the district center to buy drugs.
Adinahon, 41, is also a farmer. Her family has a total of 0.47 hectare of land. She cultivates potatoes and wheat there. She is requesting a loan to prepare for the spring sowing by plowing and buying potato seeds. Adinahon is married with two children. Her husband works in a cotton plant, and all her family members take an active role in the family business.
Gaznahan is 47 years old. She is a widow with four children, the eldest two of whom are married. The other two children are students. Gaznahan will use her loan to buy 500 kilos of potato seeds and 100 kilos of fertilizer. In the future, Gaznahan hopes that she will be able to build a house for her second son. For her, the most important thing is the happiness of her children.
About Mol Bulak Finance
This loan is brought to you by Mol Bulak Finance, a young and ambitious socially-focused MFI in Kyrgyzstan. Mol Bulak Finance is strongly committed to the principles of sustainable development on the basis of the 3-Ps concept - People (building human capital and taking care of its customers and the society as well), Profit (to be profitable in order to grow further) and the Planet (taking care of the environment). It is also the only MFI in Kyrgyzstan that delivers its services to customers 365 days a year. To learn more about Mol Bulak and view a video presentation about the organization, please visit: 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 - at www.kiva.org/team/kyrgyzstan. Members will get special updates and news from the Kiva Fellows in Kyrgyzstan and from Mol Bulak 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