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Togochieva's Group
In this Group: Togochieva, Musaev , Asanalieva, Abdyldaeva, Kuramaeva
Togochieva A. is the leader of the group. She's a resident of Balykchi. A. is 57, married, and has raised 4 children: 3 daughters and a son. The older daughter is a student, the others study at school. Her husband is a pensioner, so he receives 2500 Kyrgyzstani soms (KGS) (54.3$) per month. 2 years ago, with the initial amount of 15000 KGS (325.8$), they started their business activity. With this money, they bought 5 heads of small cattle, fattened them and resold. Thanks to this activity, A. could increase the number of livestock and earns 2000 KGS (43.44$) per month. Now she wants to get a loan for purchasing 60 liters of fuel, which is needed for agricultural work.

Musaev S. is 50 years old and he is married. His wife works a teacher in rural school, she earns 2000 KGS (43.44$) per month. S. works as a head teacher in the same school, his monthly salary is 2700 KGS (58.64$). They have a son and 2 daughters. The younger daughter is a pupil, the others are students. 3 years ago, having 5000 KGS (108.6$) he bought 3 heads of small cattle. After fattening the cattle, S. sold them. As a result he increased the number of livestock and thanks to this activity he makes 1500 KGS (32.58$) per month. So they need a loan for purchasing fuel to sow wheat and barley.

Asanalieva G. is 35, she's married and has 4 children: 2 sons and 2 daughters. Both daughters study at school, others are preschool age. G.'s husband is engaged in cattle breeding. When he's free, he helps her with housework. 4 years ago, having 6000 KGS (130.32$) they bought 2 heads of small cattle. After fattening the cattle, they were sold. Thanks to this activity they could increase the number of livestock, so now they've got 15 heads of small cattle, 5 heads of cattle and 2 houses. So they make 2000 KGS (43.44$) per month. Now they want to get a loan to purchase fuel, seeds for potatoes and to pay for tractor-driver services.

Abdyldaeva S. is the treasure of the group. She's 38 and she's married. Her husband works as a driver and security guard. He earns 5000 KGS (108.6$) per month. They have 4 children: 2 daughters and 2 sons. All the children study at school. After school, the older son helps S. with housework. 3 years ago, having 5000 KGS (108.6$) S. purchased 2 heads of cattle, which was sold after fattening. Thanks to this activity they make 2000 KGSW (43.44$) per month. They were also able to increase the number of livestock. Now S. is fattensing a horse and 2 heads of small cattle. She wants to get a loan to purchase 2 heads of cattle and to sow wheat.

Kuramaeva Y. is 50 years old, married and has 4 children: 3 sons and a daughter. All the children study at school. Y.'s husband works as a tractor-driver. When he's free, he helps Y. with housework. They want to get a loan in order to buy a heifer for 7000 KGS (152$) and small cattle for 3000 KGS (65.16$).

--- 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
  • 82
    View loans »
    Kyrgyzstan Loans Fundraising
  • $10,761,025
    Funds lent in using Kiva
  • 46.0
    Kyrgyzstan Soms (KGS) = $1 USD

Success!! The loan was 100% repaid

A portion of Togochieva's Group's $1,675 loan helped a member to purchase seeds, fuel, which is needed for sowing process.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 16, 2010
Listed
May 6, 2010
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2011