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Zherendi's Group
In this Group: Zherendi , Asel , Chynarkul , Sveta
Zherendi K. is leader of this group. She is forty-seven and widow. She has three children: her daughter is twenty-six and her sons are twenty-seven and twenty-three years old. Her elder son is a construction worker and lives with his own family independently, her daughter is also married and lives independently, and her youngest son works in Kazakhstan.

She resells agricultural products and milk. Three years ago, she started her business with a purchase of agricultural products for 6,000 soms which she resold at a higher price. She is applying for a loan to purchase wheat and barley for resale at a higher price. In the future, she is planning to expand her business.

Group members:

Asel I. is treasurer of the group. She is thirty-six and married. She has four children: her son is twelve and her daughters are eleven, four, and two years old. Her elder son and daughter go to school and her youngest two daughters are at home. Her husband is a carpenter. Her husband learned from his farther skills of making different things from wood.

Asel breeds cattle and she sells nearly ten or twelve liters of milk a day. Together with her husband, she is in the business nearly eighteen years. They started with an initial investment of 1,000 soms. Now, they earn 4,000 soms each month. For now, they could purchase a car and build a house. She is applying for a loan in order to purchase wood for her husband. In the future, they are planning to expand their business and increase the size of their cattle herd.

Chynarkul S. is fifty and married. She is tractor driver. She has five children: her sons are thirty, twenty-nine, twenty-two, and sixteen, and her daughter is nine years old.

Her elder son is married. He works and lives independently in Bishkek (the capital of Kyrgyzstan) with his own family. Her second son works in Russia. Her third son works in Cholpon-Ata. Her youngest son and daughter go to school. She started cattle breeding fourteen years ago with initial investment of 2,500 soms. For now, she could increase significantly the number of cattle she owns and increase her earnings to 2,000 soms monthly.

She is applying for a loan to purchase cattle for breeding. In the future, she is planning to increase the size of her cattle herd, marry her children and build a big house for her family.

Sveta A. is thirty-six and married. She has five children: her youngest daughter is four months old; her other daughters are nine, thirteen, and sixteen years old; and her son is fifteen years old. Her elder children go to school and her youngest daughter is at home.

She breeds cattle. Her children help her in cattle breeding. She started cattle breeding nine years ago with a purchase of cattle for 3,000 soms. She earns 1,500 soms from cattle breeding. She also sells five or six liters of milk a day. She could build a house and increase her cattle quantity with the help of her business.

She is applying for a loan in order to purchase cattle for breeding. In the future, she is planning to continue increasing the size of her cattle herd and to purchase furniture for her house.

--- 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 its 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
  • $11,315,525
    Funds lent in using Kiva
  • 46.9
    Kyrgyzstan Soms (KGS) = $1 USD

Success!! The loan was 100% repaid

A portion of Zherendi's Group's $1,500 loan helped a member to purchase wheat and barley.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Aug 25, 2010
Sep 13, 2010
Currency Exchange Loss:
Jun 17, 2011