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Saltanat's Group
In this Group: Saltanat , Ainakan , Kubanychbek , Begayim , Kylychbek
A person, who has just started his business, has to know that what he/she is undertaking requires at least as much attention as a person who is trying to build a house with playing cards. Any move, breath, or an awkward gesture can tumble the house. However, provided that needed care, patience and labor is given, the output is a lot more valuable than just a house made of cards. Saltanat T., 29, is the leader of this group. She is unemployed as she has to stay at home with the children. Her husband is a new entrepreneur. He buys sheep in a mountain region, brings them to town, and sells them at the cattle market. He used to do another job, but because of health problems had to get a leave without pay. On one hand he is happy as he has started his business earlier than he thought. If he were to have got this leave later, the opportunities would not be as abundant as this time. Saltanat has applied for this loan to help her husband buy five sheep, bring them to town, and resell them.

Saltanat’s partners are:

Ainakan A., 49, is a wife of a private builder. Ainakan trades in fish and her monthly income is $240. She hopes to obtain this loan and buy tools for her husband and purchase fish for sale.

Kubanychbek S., 33, has two children. His wife trades in cell phone cards. Kubanychbek provides for his family by working as an operator at a gas station. He also works as a taxi driver and at weekends he trades in sheep at the cattle market. Kubanychbek needs a loan to buy sheep.

Begayim A., 29, is a mother of two children. Her spouse is a general worker. Begayim is a cook in a kindergarten. She has applied for this loan to buy a car so that her husband could work as a taxi driver.

Kylychbek C., 31, has a son. His wife works as a school teacher. He earns his family’s living by working as a builder. He needs a loan to buy tools for his work.

--- 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 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
  • 89
    View loans »
    Kyrgyzstan Loans Fundraising
  • $10,750,525
    Funds lent in using Kiva
  • 45.4
    Kyrgyzstan Soms (KGS) = $1 USD

Success!! The loan was 100% repaid

A portion of Saltanat's Group's $1,750 loan helped a member to buy five sheep in order to resell them later.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 14, 2010
Listed
Mar 26, 2010
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2010