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Nazgul's Group
In this Group: Nazgul, Shaarkan, Jelmira, Kanchoro
Here is Nazgul, the leader of the group. Nazgul is the mother of three children. Her eldest son goes to college, whereas her two other sons go to kindergarten.

Even though her spouse is a farmer and in addition to that rents a warehouse, where he works as a salesman, Nazgul has a business of her own. She owns a pub and sells beer on tap. She showed her determination when she started her business nine years ago with only twelve and half dollars.

Nazgul used to work as a saleswoman in two shops. She saved some money and managed to buy back these shops. Eventually, she sold them to buy an empty building, and made it into a pub. Now she earns twenty five dollars monthly. During this time, she has been able to buy a new lodging – a two-room flat in the rural city of Tokmak – and has increased her turnover.

“I have a piece of land next to my pub, which is empty now. I am keen to build a big grocery store with a broad range of goods. This would help me attract more customers to my pub and increase my turnover! I am sure it would work if I got a loan,” exclaims Nazgul, as she points to the empty place.

Nazgul plans to bring her business to a high level while her sons are at school. Thus, she wants to ensure a secure future for her children.

Nazgul’s partners are Jelmira, Kanchoro and Kuku.

Jelmira is thirty eight. She sells foodstuffs in a food store that she takes on lease. She needs a loan to purchase stationery before the school season. Her dream is to buy a house and move out from her flat.

Kanchoro is a widow and the mother of three children. At age of fifty two, she works as a security guard in Chui oblast’s tax inspection. She needs a loan to buy a new carpet.

Kuku is a widow as well. She has raised nine children. She sells women’s bags and needs a loan to buy a container. This would enable her to save money for her children’s education.

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
  • 71
    View loans »
    Kyrgyzstan Loans Fundraising
  • $11,317,750
    Funds lent in using Kiva
  • 43.0
    Kyrgyzstan Soms (KGS) = $1 USD

Success!! The loan was 100% repaid

A portion of Nazgul's Group's $1,400 loan helped a member to purchase additional inventory for her store.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Jul 8, 2009
Jul 27, 2009
Currency Exchange Loss:
Jan 15, 2010