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Nilufar's Group
In this Group: Nilufar , Umidahon , Sayorahon , Nafisahon
Nilufar O. is the leader of this group and she is 35 years old. To make some money, her husband went to work in Russia. Nilufar has two daughters and a son. All of them study at school. Two years ago with an initial investment of 1200 soms, Nilufar started to sell potatoes and cherries. She made good money and from that moment, Nilufar began to sell fruits and vegetables. Now she makes 5000 soms per month. With this profit, she was able to save money to repair the house and purchase a TV and DVD player. Nilufar wants to get a loan to purchase different fruits and vegetables in order to resell them and make a profit. In the future, she plans to stabilize her business, to pay a dowry for her daughters and build a sauna.

Umidahon S. is 35. Her husband is a farmer. She has three sons who are currently students. Twelve years ago with an initial investment of 1800 soms, Umidahon bought a calf and started breeding cattle. In this way, she makes 2500 soms per month. Now she wants to get a loan to purchase a bull, which will be resold after fattening. In the future, Umidahon would like to open a kiosk near her house.

Sayorahon R. is 28. Her husband works as a constructor and they have two sons, who are in kindergarten. Sayorahon works in a barbershop. With money received from the loan, she plans to purchase cement and other building materials in order to continue repairing the house.

Nafisahon S. is 26. In order to make some money, her husband went to work in Russia. They have a daughter and a son; both are currently in preschool. Nafisahon breeds, fattens and resells cattle and poultry. In this way, she makes 3000 soms per month. With money received from the loan, Nafisahon wants to purchase a bull-calf and resell it after fattening.

--- 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 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
  • 205
    View loans »
    Kyrgyzstan Loans Fundraising
  • $9,747,650
    Funds lent in using Kiva
  • 46.0
    Kyrgyzstan Soms (KGS) = $1 USD

Success!! The loan was 100% repaid

A portion of Nilufar's Group's $1,325 loan helped a member to purchase different fruits and vegetables in order to resell them and make a profit.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 24, 2010
Listed
May 25, 2010
Currency Exchange Loss:
Possible
Ended:
Apr 15, 2011