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Farida's Group
In this Group: Farida , Ilyas , Nazira , Kerimbai
Farida T. is the leader of the group. She is 33, married. Her husband is a herder, and raises 8000 soms per month. The couple has 5 children; the elder are school pupils, the younger are at home. The family is engaged in cattle breeding, they have been doing it for 16 years since 1994, when Farida’s husband, using the profits from selling apples, could afford to buy 4 sheep for breeding. Now, the family keeps 70 livestock animals and 3 cows. The loan purpose is to purchase more cattle. In future the family plans to build a new house.

Ilyas T., 32, is married. His family has 2 children; Ilyas supports his family financially by cattle breeding. The loan purpose is to purchase more farm animals.

Nazira M., 35, is married. Her husband is a private taxi-driver. The couple is raising 4 children. Nazira is eganged in breeding livestock animals, and she hopes to obtain the loan in order to purchase 5 livestock animals.

Kerimbai C., 42, is married, and has 3 children. In 2000, the family began to resell cattle in the local market. Kerimbai wants to use the loan to increase commodity circulation.

--- 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

  • $2,500
    Average annual income
  • 82
    View loans »
    Kyrgyzstan Loans Fundraising
  • $10,773,100
    Funds lent in using Kiva
  • 46.7
    Kyrgyzstan Soms (KGS) = $1 USD

Success!! The loan was 100% repaid

A portion of Farida's Group's $1,575 loan helped a member to purchase cattle.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 28, 2010
Listed
Oct 26, 2010
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2011