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Elmira's Group
In this Group: Elmira, Klara , Nazgul , Erlan
Elmira N. is the leader of this group. She is 23. Two years ago, with an initial investment of 10,000 soms (approximately 217 USD) she rented a store and began to sell convenience goods. In this way she earns 3,500 soms (approximately 76 USD) per month. To earn additional income, Elmira’s husband works in construction.

With the money received from this loan, Elmira plans to purchase various goods in order to increase the turnover of her business. In the future she wants to expand her business and build a new house.

Klara K. is 28. She works as an operator at a gas station and her husband is a bus driver. A year ago, with an initial investment of 1,000 USD, Klara opened a kiosk where she sells convenience goods. In this way she makes 13,000 soms (approximately 282 USD) per month. She and her husband also breed cattle to earn more income. Now, Klara wants to obtain a loan to purchase a calf for breeding and also various goods to increase the turnover of her business.

Nazgul T. is the treasurer of the group. She is 35, is married, and her husband works as a builder. Five years ago, with an initial investment of 10,000 soms (approximately 217 USD), Nazgul bought a cow and started to breed cattle. She also sells milk to make money and, in this way, she makes 3,400 soms (approximately 74 USD) per month. She has three daughters and a son, all of whom study at school. With money received from the loan she wants to purchase sheep to increase the number of her livestock. In the future, she plans to purchase a container and a vehicle.

Erlan I. is 25 and is married. He works as a security guard in a factory and his monthly salary is 6,000 soms (approximately 130 USD). He has a two-year-old daughter so his wife stays at home to take care of her. In order to make money Erlan also breeds cattle, sometimes selling some after fattening. In the future he plans to repair his house and purchase a vehicle.

--- 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 in order 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:

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 Members will get special updates and news from the Kiva Fellows in Kyrgyzstan and from 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
  • 71
    View loans »
    Kyrgyzstan Loans Fundraising
  • $11,300,500
    Funds lent in using Kiva
  • 46.1
    Kyrgyzstan Soms (KGS) = $1 USD

Success!! The loan was 100% repaid

A portion of Elmira's Group's $1,100 loan helped a member to purchase goods for her store.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Jun 4, 2010
Jun 10, 2010
Currency Exchange Loss:
May 15, 2011