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Feruzahan's Group
In this Group: Feruzahan , Zharkynai , Orozmamat , Gulzina
Feruzahan E. is the leader of the group. She is married and her husband has gone to Russia to work. Her one son was born in 2003 and is currently in kindergarten. For a living, Feruzahan sells cigarettes, drinks and chocolate in a kiosk. She set up shop in a bustling part of town six years ago. Feruzahan’s initial investment for the kiosk was 3000 soms ($62.28) and now she makes 15401 soms ($335.16) per month. With money from the loan, she plans to purchase a variety of soda drinks for the summer season. Her wish is to increase turnover and open a new shop.

Zharkynai M. is the treasurer of the group. She is 29 and is divorced. She makes a living by growing and selling agricultural products. Fortunately, her brother and his wife help her with her work. Seven years ago, she began to cultivate the land with 300 kg of seed potatoes. Today she wants to use her loan to buy fertilizer and more seed potatoes. Zharkynai dreams of buying a house in the city.

Orozmamat M. is 40 years old, is divorced and has two daughters who are currently at school. Orozmamat collects and resells plastic and glass in villages and then sells them in the district center. Orozmamat started this business three years ago with a 2000 som ($43.52) investment, today he makes 7450 soms ($162.13) per month. He plans to use the loan to increase his turnover so that he can make repairs to his house as well as purchase livestock.

Gulzina T. is 25 and married. Gulzina and her husband are both farmers. She breeds, fattens and then sells the cattle. Gulzina learned this trade from her parents—the tradition has been passed on. She makes a monthly profit of 2133 soms ($46.42) and with the loan she plans to purchase more livestock to improve her living conditions.

--- 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 which 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

  • $2,100
    Average annual income
  • 161
    View loans »
    Kyrgyzstan Loans Fundraising
  • $10,470,925
    Funds lent in using Kiva
  • 46.0
    Kyrgyzstan Soms (KGS) = $1 USD

Success!! The loan was 100% repaid

A portion of Feruzahan's Group's $1,525 loan helped a member to purchase a variety of soda drinks for the summer season.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 12, 2010
Listed
May 24, 2010
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2011