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Nurjamal's Group
In this Group: Nurjamal, Aizada, Zarema, Mairamkul
J. Nurjamal is the leader of this group. Nurjamal works as an electrician. Her monthly salary is about 95 dollars. She realized that her salary would never be enough to provide her daughter with a quality education and happy childhood, and she started looking for extra sources of income. Besides, for the last several years she has been divorced. Finally, she entered the multilevel marketing company Oriflame, as a saleswoman. Due to having an open and amiable personality and communication skills, Nurjamal quickly attracted customers and reached a monthly salary of 230 dollars. Later, she entered another company, selling its products by means of multilevel marketing, and she now receives 25% from the sales. Thus, she has accomplished her aim of additional earnings, enabling her daughter to go to a good high school and get a good education. She has also been able to make a repair to her flat and even go to a resort for two weeks of rest last year. Nurjamal has applied for this loan as she needs funds to buy kitchen furniture.


Nurjamal’s partners:


K. Aizada, age 30, is married. She is raising one daughter. Aizada's husband works as an operator at a gas station, while Aizada stays home and looks after cattle. Aizada has applied for this loan to purchase cattle and send them to pasture.


A. Zarema, age 39, has one son. Her husband is a builder. Zarema works as a leading specialist in the Migration and Employment Service of the Kyrgyz Republic. She has applied for this loan to install some furniture at home. Zarema’s dream is to send her son to study abroad.


M. Mairamkul, age 47, is the mother of two children. Her husband works as a driver for a gold mining company. Mairamkul works as a school teacher. She teaches chemistry. Mairamkul hopes to obtain this loan in order to make some repairs at home. Her children have grown up, and Mairamkul hopes to help them find good jobs and get married.


--- 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 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: 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 the Mol Bulak staff.zstan. 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
  • 122
    View loans »
    Kyrgyzstan Loans Fundraising
  • $9,533,250
    Funds lent in using Kiva
  • 44.3
    Kyrgyzstan Soms (KGS) = $1 USD

Success!! The loan was 100% repaid

A portion of Nurjamal's Group's $1,125 loan helped a member to buy kitchen furniture for home use.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 26, 2010
Listed
Feb 5, 2010
Currency Exchange Loss:
Possible
Ended:
Aug 15, 2010