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Nurgul's Group
In this Group: Nurgul , Munar , Maksat , Gulbubu
Nurgul K., the leader of the group, is 55, married, and has three children. Her daughter is married and both of her sons work as loaders in a private organization. The main family income is derived from cattle breeding and milk selling, earnings from which have made possible the building of a house and the purchase of a car. Nurgul will use the loan to purchase a cow, and in the future she wants to arrange a son’s wedding and open a shop.


Munar B., a 59-year-old widow with five children, earns money by cattle breeding and milk selling. She will use her portion of the loan to purchase a washing-machine.



Maksat N., 37, is married and has three sons. He will use his part of the loan to obtain a cow for breeding.



Gulbubu J. is the treasurer of the group. She is 56, married, and has six children. The family earns its livelihood by cattle breeding, milk selling and farming. The loan's purpose is to buy milk cows.



--- 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
  • 130
    View loans »
    Kyrgyzstan Loans Fundraising
  • $9,258,400
    Funds lent in using Kiva
  • 46.7
    Kyrgyzstan Soms (KGS) = $1 USD

Success!! The loan was 100% repaid

A portion of Nurgul's Group's $1,350 loan helped a member to purchase a cow.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 14, 2010
Listed
Oct 25, 2010
Currency Exchange Loss:
Possible
Ended:
Aug 15, 2011