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Kulnara's Group
In this Group: Kulnara , Zoya , Kalysbek , Astra, Ainura
Kulnara U. is the leader of this group. She is 45 years old and married. She has a daughter, who is 24 and works in a sewing workshop in Bishkek. Three years ago, Kulnara and her husband rented a store to sell auto parts. They started with an initial investment of 15000 soms. Kulnara has begun to sell motor oil in the store. Now she makes 25000 soms per month. With money received from this loan, Kulnara wants to purchase motor oil for trucks and auto parts to increase the turnover of her business. In the future she wants to save money to be able to pay for her grandchildren's study at university.

Zoya B. is the treasurer of the group. She is 28 and divorced. A year ago, some relatives gave a cow as a present for her father’s anniversary. Zoya resold that cow after fattening it and made good money. After that, she began to breed cattle. She started with an initial investment of 8000 soms and now she makes 5000 soms per month. That profit made it possible for her to purchase household appliances and repair the house. Zoya applied for this loan because she needs money to purchase some farm animals for breeding.

Kalysbek A., 30, is married. He has a son who is 7 and studies at school. Six years ago, Kalysbek’s brother suggested he rent a place and open a karaoke bar. Kalysbek started this business activity with an initial investment of 15000 soms and now he makes 30000 soms per month. This profit made it possible for him to open a pool and bathhouse near his place. With money received from the loan, Kalysbek wants to purchase a shower cubicle for the bathhouse. In the future, he wishes to open an entertainment center.

B. K. Astra, 19, is married. Four years ago, with the initial investment of 25000 soms, Astra began to sell chicken grill and now she makes 20000 soms per month. With money received from this loan she wants to purchase chicken.

Ainura K., 39, is divorced. She has raised two sons. The first son is 25; he works at a pasta factory. The second son is 20; he is a student. When the children have free time they try to help their mom. Ainura opened a kiosk four years ago. She sells convenience goods and makes 7000 soms per month. She applied for this loan because she needs money to purchase various goods in order to increase her turnover. In the future, Ainura plans to open a grocery store.

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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 and upholds the triple bottom line – People (building human capital and taking care of its customers as well as society), Planet (keeping environmentally friendly) and Profit (earning revenue to expand autonomously). Mol Bulak is 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: 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 - Mol Bulak Finance 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
  • 207
    View loans »
    Kyrgyzstan Loans Fundraising
  • $9,713,625
    Funds lent in using Kiva
  • 46.5
    Kyrgyzstan Soms (KGS) = $1 USD

Success!! The loan was 100% repaid

A portion of Kulnara's Group's $1,625 loan helped a member to purchase motor oil and auto parts.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 29, 2010
Listed
Jul 6, 2010
Currency Exchange Loss:
Possible
Ended:
Oct 15, 2010