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Buvaisha's Group
In this Group: Buvaisha, Burul , Suksur , Tilyakhan
The Kyrgyz Republic's economy was severely affected by the collapse of the Soviet Union and the resulting loss of its vast market. In 1990, some 98% of Kyrgyz exports went to other parts of the Soviet Union. Thus, the nation's economic performance in the early 1990s was worse than any other former Soviet republic except war-torn Armenia, Azerbaijan, and Tajikistan. While economic performance has improved in the last few years, difficulties remain in securing adequate fiscal revenues and providing a sufficient social safety net.

Buvaisha K., 48, is from the southern small town Kadamjai. A mother of four children, she is an immunologist in a local doctor hospital. Her husband is busy with a private carting business. Their oldest daughter has left to Russia for work, the youngest goes to school. The business of raising cattle started, when Buvaisha’s husband came back after hard work in Russia and invested earned money in this business. Profits from raising cattle have helped them to buy a car, which became the next source of earning money. With money received from this loan, Buvaisha wants to purchase six farm animals for breeding. In the near future, they plan to open a small shop in their village.

Burul O., 37, has two daughters. Her husband is a mechanic and Burul is engaged in sewing national accessories. They also breed livestock to make money. The purpose of the loan is to purchase two units of livestock for breeding.

Suksur A., 56, is married. Her husband is a security guard in a local combine. They have three daughters. The family owns a cow and two calves. The purpose of the loan is to increase the family's number of cattle.

Tilyakhan S., 39, is a nurse in a local hospital in Kadamjai. The purpose of the loan is to purchase a dairy cow.

--- 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: http://www.kiva.org/about/aboutPartner?id=135

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 http://kiva.org/team/kyrgyzstan. 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

  • $2,100
    Average annual income
  • 138
    View loans »
    Kyrgyzstan Loans Fundraising
  • $10,106,075
    Funds lent in using Kiva
  • 46.7
    Kyrgyzstan Soms (KGS) = $1 USD

Success!! The loan was 100% repaid

A portion of Buvaisha's Group's $1,500 loan helped a member to purchase farm animals.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Oct 1, 2010
Listed
Oct 25, 2010
Currency Exchange Loss:
Possible
Ended:
Sep 15, 2011