Gulnara Kiribaeva’s Group

Status: Paid Back

$950	Loan Request Pre-Disbursed : May 17, 2009 Listed: Jun 14, 2009 Funded: Jun 15, 2009
$950	Paid Back Ended: Oct 15, 2009

About the Field Partner

MCC Mol Bulak Finance LLC administers this loan. Learn more

Field Partner:

MCC Mol Bulak Finance LLC

Field Partner Risk Rating:

(Learn more)

Fundraising Status:

Active

Time on Kiva:

7 months

Kiva Entrepreneurs:

642

Total Loans:

$191,425

Interest & Fees are Charged:

No (Learn more)

Portfolio Yield:	N/A
Profitability (Return on Assets):	N/A
Average Loan Size (% of Per Capita Income):	82%

Delinquency Rate:

0.00%

Default Rate:

0.00%

Currency Exchange Loss Rate:

0.00%

About the Country

Country:	Kyrgyzstan
Avg Annual Income:	$2,100
Currency:	Kyrgyzstan Soms (KGS)
Exchange Rate:	43.0997 KGS = 1 USD

In this Group:
Gulnara Kiribaeva, Asel Kadyralieva, Gulnara Kiribaeva, Jamal Toksobaeva

About the Loan

Location:	Kemin, Kyrgyzstan	Repayment Term:	6 months (more info)
Activity:	Livestock	Repayment Schedule:	Monthly
Loan Use:	To buy livestock in order to generate income for the Center of Temporary Stay for Orphaned Children	Currency Exchange Loss:	Covered
		Default Protection:	Covered

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

Lenders to this group

Jackie

Canada

Jacqueline
MILTON KEYNES, BUCKS
United Kingdom

Jacobson Family
Cortlandt Manor, NY
United States

Cthulu
Los Angeles, CA
United States

Laurie
Edmonton, Alberta
Canada

Diane R
KivaFriends.org, Santa Clara, CA
United States

Mark
Louisville, KY
United States

Natasha
Melbourne
Australia

Terry
KivaFriends.org , St. Louis, MO
United States

Jenifer
Playa del Rey, CA
United States

B. Right
Narvik, KivaFriends.org
Norway

CherylS
kivafriends.org, Littleton, NC
United States

Brian
Fairbanks, AK
United States

Karen and Gery
KivaFriends.org, Monarch Beach, CA USA
United States

Ronan
Dallas, TX
United States

Martha
Ft. Worth, TX
United States

Judith
Minnesota
United States

Geoff

United States

Suzanne
Redondo Beach, CA
United States

Wolfgang
KivaFriends.org, Berlin
Germany

Anonymous
birker,
Denmark

Berry
Wyoming,
United States

Ramona
KivaFriends.org, Berlin
Germany

Donna

Lorna & Critters
Kanata, Ontario
Canada

Joanna
kivafriends.org, Melbourne
Australia

Margie
Fallon, NV
United States

Charmaine
Bergen, kivafriends.org
Norway

Alina
Pfungen,
Switzerland

Jennifer
Joshua Tree, CA
United States

Globe Runners
Chang-Hwa,
Taiwan

Jane
KivaFriends.org, Wisconsin,
United States

Luke

Anonymous
Olney, MD
United States

Top Lending Teams for this group

A-Tisket A-Tasket
Other
36 Members

Kiva Christians
Friends
3635 Members

Kiva Editors
Common Interest
54 Members

Fairbanks & Friends
Local Area
17 Members

KivaFriends - Single Parent Loans
Common Interest
69 Members

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)

Gulnara Kiribaeva's Video Update Entrepreneur: Gulnara Kiribaeva’s Group Location: Kemin, Kyrgyzstan Mol Bulak Finance would like to provide you with an update on your group of borrowers. For your convenience, we have prepared a short video interview with the leader of the group, along with an English translation of their responses. If you have any questions or comments, please feel free to respond to this update. Your comments are welcomed and are regularly reviewed by our staff. To learn more about Mol Bulak 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 - at http://kiva.org/team/kyrgyzstan One of my last duties as a Kiva Fellow in Kyrgyzstan was to visit Gulnara Kiribaeva. I have met Gulnara twice now and every time I meet her, I'm overwhelmed by her friendliness, hospitality and love for the children she cares for. She is also incredibly optimistic: finances are still difficult but she laughed and said "It's life, we'll get by". She was very thankful for the loan and said that the livestock they bought with the loan has helped her to run the centre. In the video, Gulnara describes some of her plans for the future. She told me that she's looking at further ways to finance the home privately by producing macaroni, opening a bakery and building a banya (Russian sauna). She later explained that the children would be able to use the banya, but that she would also be able to charge villagers to use. In the long run, she's looking forward to a future where her foster children continue into further education and she'll be able to take them to Kyrgyzstan's Lake Issyk-Kul in the summer.
Posted by Rob Packer, KF10 from Kemin, Kyrgyzstan Dec 18, 2009
Comments (2)

Repayment Schedule for Gulnara Kiribaeva’s Group

Show Advanced

	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