Gulnara Kiribaeva’s Group


Status: Paid Back

$950.00   Loan Request
$950.00   Paid Back

About the Group

Group Name: Gulnara Kiribaeva’s Group
Group Members: Gulnara Kiribaeva
Asel Kadyralieva
Gulnara Kiribaeva
Jamal Toksobaeva
Location: Kemin, Kyrgyzstan
Activity: Livestock

About the Loan

Loan Amount: $950.00
Loan Use: To buy livestock in order to generate income for the Center of Temporary Stay for Orphaned Children
Repayment Term: 6 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jun 14, 2009
Date Disbursed: May 17, 2009
Date Funded:Jun 15, 2009
Loan Ended:Oct 15, 2009

About the Country

Country:Kyrgyzstan
Avg Annual Income:$21,002,008.00
Currency:Kyrgyzstan Soms (KGS)
Exchange Rate:43.0997 KGS = 1 USD



Gulnara Kiribaeva is the director and developer of the Center of Temporary Stay for Orphaned Children in the town of Orlovka. The Center was started five years ago and currently hosts 41 children between the ages of 4 and 17 years. Some of the children came to the center by themselves and the others were guided by neighbors or the city administration. When a foster child turns 17, Gulnara helps him/her to get into college in Bishkek (the capital of Kyrgyzstan) and provides all possible assistance with their future. At present, the Center exists on donations from private individuals and various organizations.

Gulnara organized a loan group among her workers, who are mainly homeless people. All of them plan to spend their loans to buy and raise livestock. The workers hope to use their proceeds to maintain their families. Gulnara, in turn, is planning to breed livestock in order to generate income for the Center. Also, Gulnara will be able to sell milk and calves at the market, so she can purchase necessary clothing and materials and pay for utilities.



Gulnara Kiribaeva is married and has three children. She is a former employee of the district public education department in the town of Orlovka. She used to work with orphans, but when she saw all the problems these children were facing, she decided to open the Center.






About Group Loans
In a group loan, each member of the group receives an individual loan but is part of a group of individuals bound by a group guarantee. Under this arrangement, each member of the group supports one another and is responsible for paying back the loans of their fellow group members if someone is delinquent or defaults. Learn more

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Journal entries for Gulnara Kiribaeva’s Group


Loan has been disbursed
 
Entrepreneur: Gulnara Kiribaeva’s Group
Location: Kemin, Kyrgyzstan

Thank you for your loan. It has been disbursed to Gulnara Kiribaeva’s Group, consisting of Gulnara Kiribaeva, Asel Kadyralieva, Gulnara Kiribaeva, Jamal Toksobaeva by MCC Mol Bulak Finance LLC in Kyrgyzstan. We are excited to watch this business grow. Over the 4 months of this loan, MCC Mol Bulak Finance LLC will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Kemin, Kyrgyzstan
Jun 15, 2009
Comments (1)

Kiva Help Repayment Schedule for Gulnara Kiribaeva’s Group

  Expected Repayments Actual Repayments Comments
August 2009 $221.92 $221.92 Repayment Received
September 2009 $231.99 $231.99 Repayment Received
October 2009 $242.54 $242.54 Repayment Received
November 2009 $253.55 $253.55 Repayment Received