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Kiva loans are facilitated through 2 models, partner and direct, that enable us to reach the greatest number of people around the world.
For partner loans, borrowers apply to a local Lending Partner, which manages the loan on the ground. Lending Partners are responsible for screening borrowers, disbursing loans, posting borrowers to the Kiva website for funding, collecting repayments and otherwise administering Kiva loans on the ground to borrowers.
For direct loans, borrowers apply through the Kiva website and may or may not be endorsed by a Trustee. Unlike Lending Partners, Trustees don't handle any financial transactions or have any duty to repay loans on behalf of their borrowers. Instead, Trustees take the role of providing support and business advice to their borrowers throughout the term of the loan.
Shokhida is 34 years old, works as a seamstress and is not married. She also grows delicious organic cherries and persimmons.
Shokhida plans to use the loan funds to install plastic window frames in her home. This will help improve her living conditions, providing warmth and comfort year-round, as well as increasing the energy efficiency of her home.
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Translated from Russian. View original language description.
Шохида - ей 34 года, работающая швеей, не замужем. Она выращивает экологически чистые вкусные черешни и хурмы. Она планирует использовать полученные кредитные средства для установки пластиковых окон в своем доме. Это поможет улучшить условия проживания, обеспечив тепло и комфорт в любое время года, а также повысить энергоэффективность жилья.
It is envisaged that because of the lower cost of Kiva funding, the loan product will be cheaper and thus more affordable for Bailyk clients.
It helps families improve their living conditions and reduce energy consumption by undertaking renovation (including better insulation) of their houses. This comes in a context where the quality of housing in Kyrgyzstan is quite low due to a number of factors such as: affordability of construction materials, low family income, etc. Thus, especially in rural areas, houses are mostly made of mud bricks with low isolation standards and rather high heating costs during winters.
Bailyk will be using the funds to scale its existing loan products, which are aiming at marginalized clients, especially those from rural areas. It is envisaged that by providing these loans heating costs will be reduced and the savings will be used for other family expenses such as: education, food, etc. alongside overall better living conditions.
Bailyk Finance provides entrepreneurs with access to high-quality financial products and services. Aiming to alleviate poverty, the organization helps unbanked individuals and disadvantaged groups such as women, the unemployed, and youth establish businesses in different sectors, including retail, manufacturing, agriculture, and services. Kiva lenders' funds will help the organization to expand its outreach but also to introduce new thematic areas: home improvement and renewable energy loans, which will enhance the beneficiaries ability not only to improve their living conditions but also to have substantial savings in the global context, where the cost related to energy is higher.
Kiva loans are facilitated through 2 models, partner and direct, that enable us to reach the greatest number of people around the world.
For partner loans, borrowers apply to a local Lending Partner, which manages the loan on the ground. Lending Partners are responsible for screening borrowers, disbursing loans, posting borrowers to the Kiva website for funding, collecting repayments and otherwise administering Kiva loans on the ground to borrowers.
For direct loans, borrowers apply through the Kiva website and may or may not be endorsed by a Trustee. Unlike Lending Partners, Trustees don't handle any financial transactions or have any duty to repay loans on behalf of their borrowers. Instead, Trustees take the role of providing support and business advice to their borrowers throughout the term of the loan.
A Lending Partner's average loan size is expressed as a percentage of the country's gross national annual income per capita. Loans that are smaller (that is, as a lower percentage of gross national income per capita) are generally made to more economically disadvantaged populations. However, these same loans are generally more costly for the Lending Partner to originate, disburse and collect.
Loan tags help lenders find loans that match certain areas of interest.
Kiva loans are facilitated through 2 models, partner and direct, that enable us to reach the greatest number of people around the world.
For partner loans, borrowers apply to a local Lending Partner, which manages the loan on the ground. Lending Partners are responsible for screening borrowers, disbursing loans, posting borrowers to the Kiva website for funding, collecting repayments and otherwise administering Kiva loans on the ground to borrowers.
For direct loans, borrowers apply through the Kiva website and may or may not be endorsed by a Trustee. Unlike Lending Partners, Trustees don't handle any financial transactions or have any duty to repay loans on behalf of their borrowers. Instead, Trustees take the role of providing support and business advice to their borrowers throughout the term of the loan.
A Lending Partner's average loan size is expressed as a percentage of the country's gross national annual income per capita. Loans that are smaller (that is, as a lower percentage of gross national income per capita) are generally made to more economically disadvantaged populations. However, these same loans are generally more costly for the Lending Partner to originate, disburse and collect.
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