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Kumondor's Group
In this Group: Kumondor, Aigul, Gulnara, Gulzat
Kumondor, the group’s leader has raised four children. She is disabled (has one kidney) and obtains a pension. Nevertheless, not used to depend on someone, she earns her living by sewing bags and packages and sells them wholesale or to her individual customers. A friend of hers inspired Kumondor to start this business and, during five years, she has gained great experience and knowledge. She amused her family with the profits and now even one of her sons and her husband help her by cutting and packing the material. She started her business with only one sewing machine and gradually bought several other models.

Kumondor’s daughter is getting married and Kumondor needs a loan to help her with the wedding. Another of her future plans is to help her son get married. Kumondor is an example of a rare parent, who in spite of their age (49), and health problems, in a self-sacrificing way continues to support their family, helping their children financially.

Gulnara, Gulzat and Aigul are the rest of the group’s members.

Gulnara is forty-four and is the mother of six children. She sews bags and distributes them among her friends in a market. Now she needs a loan to purchase new models of sewing machine and to get one broken one mended.

Gulzat, 39, is married and is raising four children, all of whom go to school. She teaches Kyrgyz language and literature at a local school. Inspired by her neighbors’ success she wants to obtain a loan to start her own business of raising cattle.

Aigul, a married woman of forty-four is the mother of three children. She brings bull-calves, horses and sheep from Naryn and pastures them to resell them in a cattle market. She needs a loan to increase her turnover and make some renovations at home.


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--- Where Did This Loan Come From? ---

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.

Additional Information

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.

About Kyrgyzstan

  • $2,500
    Average annual income
  • 177
    View loans »
    Kyrgyzstan Loans Fundraising
  • $10,536,875
    Funds lent in using Kiva
  • 43.1
    Kyrgyzstan Soms (KGS) = $1 USD

Success!! The loan was 100% repaid

A portion of Kumondor's Group's $1,500 loan helped a member to pay for her daughter's wedding.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 25, 2009
Listed
Jul 9, 2009
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2010