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Shaar's Group
In this Group: Shaar, Aiymhan, Turganbai , Risalat
Various ordeals in life are designed to make people stronger and develop spiritual strength and patience. The very same thing happened to the heroine of our story. Shaar A. is the leader of this group. She is 59 and has raised four children. Shaar lost her husband and while her children were growing up. She did her best to be both father and mother for them. Now, her eldest son works in Russia, her younger son works in Kyrgyzstan, and her two daughters are married and live separately.

Shaar has done everything possible for her children and now she could at last have rest and live a happy grandmother’s life. However, this is not Shaar’s thinking. She stills works hard to make her own living, as she does not want to depend on her children and still prefers to lead an independent life. She earns her living by breeding livestock. Her husband used to provide for the whole family. After his death, Shaar came face-to-face with the problem of earning daily bread for the whole family. She sells sheep when she needs a large sum, and sells milk to meet her daily needs. Her monthly income comes to around 3000 soms. Shaar hopes to obtain this loan to purchase five sheep and forage.

Shaar’s partners:
Aiymhan H., 40, is married. Her husband is a carpenter. Aiymhan grows vegetables. She also works as a cook in a local school. Aiymhan has decided to apply for this loan to purchase sheep for feeding.

Turganbai T., 63, raises livestock. He and his wife have brought up six children. Turganbai’s wife is a saleswoman in her own shop. One of Turganbai’s children is also engaged in cattle breeding. Turganbai needs this loan to buy construction materials.

Risalat K., 59, is a widow. She is the mother of five children. Her daughters are married and live separately. Her son earns his living by repairing cell phones. Risalat makes a living by producing blankets and preparing brides' dowries on order. She needs this loan to purchase materials for making blankets.

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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 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 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
  • 204
    View loans »
    Kyrgyzstan Loans Fundraising
  • $9,726,375
    Funds lent in using Kiva
  • 46.9
    Kyrgyzstan Soms (KGS) = $1 USD

Success!! The loan was 100% repaid

A portion of Shaar's Group's $1,500 loan helped a member to purchase five sheep.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 9, 2010
Listed
Jul 18, 2010
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2011