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Zamira's Group
In this Group: Zamira, Suerbjubju, Kajyr, Talajbek
This group’s leader, Zamira, is 28. She earns her living by milking her cows and selling 15 liters of milk daily. Her husband, apart from helping her look after cows, works as a plumber. She has two children, a little son and a daughter. Six years ago, Zamira and her husband started dealing with real estate. After successfully selling some of their property, they bought a cow and a calf. They took a risk to put in $625, which was quite a large sum of money at that time. Now, they have turned it into a monthly income of $100. By means of saving money, they have obtained some necessary equipment for her husband’s work and a car.

Zamira and her husband need a loan to buy another cow. This would enable them breed their cattle and increase its population.

"Everything we do, we do for the sake of our children. Our son is growing up. Very soon, he will be going to school. So we need to purchase everything needed for his education, including stationary and (a) school uniform," says Zamira.

Taalaibek, Suyorbubu and Kayir are in the same group with Zamira. Taalaibek is 40. He is married and has three children. Taalaibek provides for his family by collecting milk from local villagers and producing milk products. He sells these products in the city of Alma Ata. He needs a loan to purchase sheep and cows and to increase turnover.

Kayir is 44. She sells yogurt that she produces from her cow’s milk, or from milk that she buys from other villagers. She urgently needs a new fridge to put the milk products in since the old one cannot contain all of her products. She cannot buy a fridge unless she obtains a loan.

Suyorbubu is a housewife. She keeps a cow and sells milk. Some years ago she obtained a loan and bought a car. Since then, by selling milk she has managed to save enough money to buy new furniture for her son. She wants to obtain a loan to purchase calves and feed for them. After fattening them up, she is going to resell them.

"Even though raising livestock requires certain amount of efforts, it is not that troublesome. In a rural area like ours, it is the most convenient business," says Suyorbubu with enthusiasm.

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 three Ps concept: people (building human capital and taking care of its customers and the society as well), profit (to be profitable 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 Partner 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. Members will get special updates and news from the Kiva Fellows in Kyrgyzstan and 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

  • $2,100
    Average annual income
  • 203
    View loans »
    Kyrgyzstan Loans Fundraising
  • $9,768,725
    Funds lent in using Kiva
  • 43.0
    Kyrgyzstan Soms (KGS) = $1 USD

Success!! The loan was 100% repaid

A portion of Zamira's Group's $1,400 loan helped a member to purchase cows, calves, and a refrigerator.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 7, 2009
Listed
Jul 27, 2009
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2010