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Kuku's Group
In this Group: Kuku, Kanymkul, Aigul, Maratbek
This group’s leader, Kuku, has five children and one of her daughters still goes to college. Her neighbor sells bags at a market. She gave Kuku some bags and Kuku sold them. Afterwards she started her own business. Her husband works as a bus driver on the Bishkek – Tokmok route. He purchases packages and thread for her and brings them home.

Kuku needs a loan to purchase chickens. She has already prepared a roost for them. She is planning to increase their number and in future sell eggs, hens and chickens. After saving enough money she wants to raise horses since it is more profitable. Her dream is to travel all around Europe and Asia with her husband.

Kanymkul, Aigul and Maratbek are Kuku’s loan partners.

Kanymkul is forty seven. Every day she turns in five liters of milk for five soms per litre and also sews items of traditional clothing. She needs a loan to purchase some chickens in order to sell eggs. With the money earned she wants to prepare her daughter for the new academic year.

Aigul is married and has three children. She sells milk and runs her own shop next to her house. She needs a loan to buy a new fridge for selling meat and chickens. In future she plans to buy ten cows and build a big back-court.

Maratbek is married and is the father of five children. He works as a shepherd in the village and looks after his farm. He needs a loan to purchase chickens and, with the money earned, he wants to buy new school clothes for his kids. He says: “Even though I am an ordinary country man, I want to give my children a good education so that they live totally different lives from mine.”


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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
  • 90
    View loans »
    Kyrgyzstan Loans Fundraising
  • $10,746,400
    Funds lent in using Kiva
  • 43.1
    Kyrgyzstan Soms (KGS) = $1 USD

Success!! The loan was 100% repaid

A portion of Kuku's Group's $950 loan helped a member to purchase chickens.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 2, 2009
Listed
Jul 9, 2009
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2010