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Jumakul's Group
In this Group: Jumakul, Duishokan, Zinagul, Nestandarajan
The leader of this group is Jumakul, 56 years old. For 10 years, she and her husband have been breeding livestock and trading in sheep. Then they invested about twelve dollars to purchase cattle. This investment has turned into a monthly income, which is 10 times more than the original amount. They have raised three children. The eldest daughter, 32 and the middle son, 27, both are married and live separately. The little son, 22, is a college student. He is the only one who still lives with parents. Jumakul’s husband stays at home and is busy looking after cattle, whereas Jumakul goes to the cattle market and she is the one who makes all the purchase and sale deals. They used to keep and sell sheep. Afterwards they switched to horses. Animal husbandry has appeared to be a quite profitable business for Jumakul and her husband as due to it, they have been able to give all their children a proper education and marry their daughter. In recent times, Jumakul and her husband have noticed the tendency of people to buy sheep more than they do horses, as they are cheaper. They have applied for this loan and hope that by means of this loan they will be able to invest it in purchasing and breeding sheep. They hope to increase the total population of their cattle and marry their son in the near future.
Jumakul has three partners:
Duishokan, 44, is a mother of two children. Her husband works as a taxi-driver. Duishokan stays at home and looks after cattle. She breeds a special strain of sheep called “Gissar strain”. Duishokan needs a loan to purchase one more sheep of that kind.
Zinagul, 50, and her husband work as dentists. They have four children. Zinagul is making preparations for her son’s wedding. Therefore, she has applied for this loan to buy a sheep.
Nestandarajan, 47, is a housewife. She keeps some cattle at home and sells milk. Her spouse is a schoolteacher. He teaches geography. Nestandarajan needs a loan to buy milk.



--- 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 to grow further) and the Planet (taking care of the environment). It is also the only MFI in Kyrgyzstan who 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: 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 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

  • $2,500
    Average annual income
  • 167
    View loans »
    Kyrgyzstan Loans Fundraising
  • $10,542,725
    Funds lent in using Kiva
  • 43.7
    Kyrgyzstan Soms (KGS) = $1 USD

Success!! The loan was 100% repaid

A portion of Jumakul's Group's $825 loan helped a member to purchase and breed sheep.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 6, 2009
Listed
Nov 16, 2009
Currency Exchange Loss:
Possible
Ended:
Aug 11, 2010