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Nurgul's Group
In this Group: Nurgul, Mirlan, Nargiza , Nurlanbek , Aida
Today the variety of jobs and occupations has made the job market extremely wide and every individual can get occupied with any work or activity according to his own scope of interest, skills, whims and desires. The most important thing is not to slack off and be lazy. For hardworking, ambitious people there are lots of opportunities waiting for them. One has to just see it and grab it outright. This is the distinguishing trait of a successful individual: to see the chance and do his best to use it. And chances and opportunities are always there. Nurgul A. is the leader of this group. She is 42 and has three children. Her husband is a builder. To make a living, Nurgul also works. She is a saleswoman. She trades in meat. She started working after her husband had gone to Russia to work. She needed money and instead of asking her relatives for help, decided to try being a seller and it did work out. Now, her work allows her to not only meet her family’s daily needs but also pay for her daughter’s education. Nurgul has applied for this loan to buy five sheep for feeding and resale.

Nurgul’s partners:

Mirlan T., 23, is single. He has decided to start his own business breeding cattle. He hopes to obtain this loan to buy cattle. Mirlan plans to do this business together with his wife.

Nargiza A., 24, is single. She trades in vegetables and fruits. Nargiza has decided to apply for this loan as she has long been planning to buy a new fridge and also to invest part of this loan in her business.

Nurlanbek T., 33, is a father of two children. His wife works as a cook. As to Nurlanbek, he is engaged in raising cattle. Nurlanbek needs this loan to pay for sowing and tractor services.

Aida A., 31, has two children and works as a saleswoman. Her husband is a builder. Aida hopes to obtain this loan to buy four sheep. She plans to feed and resell them afterwards.

--- 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

  • $2,100
    Average annual income
  • 134
    View loans »
    Kyrgyzstan Loans Fundraising
  • $10,102,125
    Funds lent in using Kiva
  • 46.1
    Kyrgyzstan Soms (KGS) = $1 USD

Success!! The loan was 100% repaid

A portion of Nurgul's Group's $1,850 loan helped a member to purchase sheep.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 2, 2010
Listed
Jun 25, 2010
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2011