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Chynygul's Group
In this Group: Chynygul , Nargiza , Kanatbek , Gulhan
Chynygul M., leader of the group, is 24 and single. She works as an accountant at village administration. She needs a cell phone in order to communicate with her colleagues and relatives who are in different parts of Kyrgyzstan and outside of Kyrgyzstan. Unfortunately, she is not able to buy a cell phone due to absence of money. Therefore, she applied for a loan to buy a cell phone.

Group members:
Nargiza A. is treasurer of the group. She is 24 and single. Like Chynygul, she works at village administration. She also needs a cell phone. She applied for a loan in order to buy a cell phone which will move her to a new level of communication with her relatives, friends, and colleagues. As she receives her wages, she will gradually repay her loan.

Kanatbek M. is 28 and married. He has two children, a four-year-old daughter and a two-year-old son. His wife is a housewife. Two years ago, he decided to start cattle breeding with an initial investment of 2,000 soms. For now, he receives 1,500 soms monthly, but he plans to increase the number of cattle and, as a result, increase profits from cattle breeding. Also, cattle breeding helped him to buy his car, a Daewoo Tico. In order to increase the number of cattle, he needs to buy more heads of cattle. Unfortunately, he doesn’t have enough funds. Thus, he is applying for a loan. With the profit from cattle breeding, he plans to increase the number of cattle.

Gulhan T. is 58 and married. She has five children. Her sons are 33 and 26, and her daughters are 37, 36, and 29. Her daughters are married and live independently. Her first son is a teacher at a college, and her second son is in Russia. Her husband is a pensioner, while she breeds cattle with the help of her first son. Six years ago she decided to buy a cow because, in her opinion, it was safer than just holding money. After that, she decided to breed cattle. Now, they have 25 heads of cattle, which they will fatten and sell. With the profit from cattle breeding, she could buy a car for her son and make capital repairs to her house. Starting her business with 2,000 soms, she now makes 20,000 soms monthly. She is applying for a loan in order to buy two goats, fatten them, and resell them in the future at a higher price. With the profit from cattle breeding, she plans to buy a truck for transportation of cattle.

--- Where Did This Loan Come From? ---

This loan is brought to you by Mol Bulak Finance (MBF), a young, ambitious, and socially focused microfinance institution in Kyrgyzstan. MBF is strongly committed to the principles of sustainable development and upholds the triple bottom line—People (building human capital and taking care of customers as well as society), Planet (keeping environmentally friendly), and Profit (earning revenue to expand autonomously). MBF is the only microfinance institute in Kyrgyzstan that delivers its services to customers 365 days a year. To learn more about MBF and view a video presentation about the organization, please visit:

If you would like to support and learn more about Kyrgyzstan and microfinance in Central Asia, please join our Lending Team—Supporters of Kyrgyzstan - Mol Bulak Finance—at: Members will get special updates and news from Kiva Fellows in Kyrgyzstan and from the MBF 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
  • 73
    View loans »
    Kyrgyzstan Loans Fundraising
  • $10,938,275
    Funds lent in using Kiva
  • 46.4
    Kyrgyzstan Soms (KGS) = $1 USD

Success!! The loan was 100% repaid

A portion of Chynygul's Group's $450 loan helped a member to purchase a mobile phone.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Aug 6, 2010
Aug 25, 2010
Currency Exchange Loss:
Jan 15, 2011